George Ralph on AI's double edged sword in cybersecurity

George Ralph, Global Managing Director & CRO of RFA, highlights the increasing risks posed by AI on the rapidly evolving cybersecurity landscape. 

George shares real-life examples of cyber attacks to illustrate the impact of human error. He emphasises the importance of education and awareness in mitigating cyber threats, the role of technology in protecting data, and the need for robust policies and recovery plans. 

Beyond growing cyber threats, George touches on the challenges faced by emerging managers in the industry. He advocates for a community approach to support new fund managers, which in turn would improve overall cybersecurity resilience.

Takeaways

• Cyber threats are more real than ever due to AI as it can both help and hinder cybersecurity efforts.
• Education is key to reducing cyber risks as human error accounts for the majority of data breaches.
• Robust policies are essential for recovery from attacks.
• Data literacy is crucial in understanding cyber risks, and while AI can enhance data analysis it can't replace human insight.
• Emerging managers need more support in cybersecurity.
• The industry must adapt to the evolving landscape of cyber insurance.