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Eighty Percent of Companies Not Prepared for GenAI Risks: Riskonnect

Although cybersecurity is beating out economic and talent risks as the top risk factor in 2024, 80% of companies have no dedicated plan to guard against risks from genAI. Only 19% have formally trained the organization on the risks, while 16% say they have a dedicated budget. Riskonnect surveyed over 200 risk, resilience and compliance professionals.