Digital Future Summit Series Episode 7: Board strategies for cyber security and AI innovation

Presenters:

• Cheng Lim, KWM
• Andy Penn, Director
• Richard Dammery, Director
• Catherine Brenner, Director

A group of highly experienced business leaders discuss the intersection of cybersecurity and AI governance for Boards. They explore ways to manage risks, stay informed, and leverage AI innovation while ensuring organisational resilience.

Key Points:

1. Cybersecurity is a critical risk that must be prioritised on every organisation's risk register.
2. Developing an inventory of digital assets is essential to protect against malicious cyber activity.
3. Crisis management plans should be established and tested before an incident occurs.
4. Collaboration among industry players enhances resilience and strengthens defense against cyber threats.
5. Organisations must embrace AI responsibly, balancing innovation with effective risk management strategies.

Resources:

NIST cybersecurity framework

KWM Cyber Resources

AICD Cyber Security Governance Principles

KWM and Sapiere: AFIA Report on AI in the Finance Industry