Artificial Intelligence And Cybersecurity: Board Oversight Essentials

Introduction

Artificial intelligence (AI) and cybersecurity are two areas that share similarly steep growth trajectories, presenting both risks and opportunities to issuers. The rapid growth in both areas requires directors and officers to review and, in some cases, revise traditional approaches to oversight. Directors or officers who may not have similar levels of exposure to these topics may find the baseline technical expertise required to address such issues challenging.

Prudent governance practices remain as important as ever in the face of the new demands brought on by these rapidly developing areas. Existing board best practices, informed by technical expertise and awareness of critical developments in these areas, offer organizations a measured approach to navigating new risks and opportunities.