61% of organizations not prepared to address critical risks

"The Global Risk Survey reveals significant unpreparedness in organizations regarding critical risks, with over 60% anticipating an increase in financial crime yet only 44% finding their technology effective."

"A remarkable 93% of organizations are adopting AI, yet only half have established AI leadership or guiding policies, indicating a gap in effective implementation."

The Global Risk Survey by AlixPartners highlights alarming trends in organizational preparedness for critical risks. With over 61% of organizations feeling unprepared for issues such as data privacy, AI threats, and geopolitical impacts, this exposes a significant vulnerability. Moreover, 60% anticipate increased financial crime in the next year. Although many invest in technology to combat these threats, effectiveness remains low, with only 44% confident in their risk detection tools. Furthermore, a high reliance on AI is seen with 93% adoption, yet a deficit in leadership and guidance persists. Expectations of corporate litigation are also on the rise for 2025.

Read at Securitymagazine