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Navigating AI Risks: Best Practices for Compliance and Security

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Cybersecurity experts are warning organizations about the increasing risks associated with AI adoption as we head into the new year. With the rapid acceleration of AI technology across industries, businesses are facing governance, security, and regulatory compliance challenges like never before. To help navigate these complexities and prepare for 2025, Henry Umney, Managing Director of GRC Strategy at Mitratech, a leading global compliance technology provider used by 30% of the Fortune 500 and over 500,000 users in over 160 countries, offers actionable insights and strategies.

Henry Umney emphasizes the importance of starting the year by conducting an inventory of AI models within an organization and assigning risk rankings based on business impact or regulatory requirements like the EU AI Act. Using frameworks like the NIST AI RMF can help benchmark the governance approach and identify any gaps that need to be addressed. Budgeting for AI security is another key recommendation for organizations in 2025. It is essential to prioritize AI security in the budget planning process, starting with visibility by inventorying assets, assessing vulnerabilities, and benchmarking processes to ensure that resources are effectively allocated.

Penetration testing and vulnerability assessments are no longer optional for organizations in 2025. These steps are crucial for testing critical AI processes to uncover risks early on, guide remediation efforts, and plan budgets to ensure continuity. Continuous governance is also emphasized by Umney, highlighting that AI governance is not a static process. It is essential to allocate resources for ongoing monitoring, advanced training, and governance enhancements to stay ahead of evolving threats and compliance requirements.

With AI becoming more integrated into business strategies, Henry Umney’s expertise provides a clear roadmap for navigating this increasingly complex landscape. By following these recommendations and best practices, organizations can mitigate the risks associated with AI adoption and ensure compliance with regulatory requirements.

Cybersecurity experts advise organizations to stay vigilant and proactive in addressing AI-related risks and ensuring the security and compliance of their AI systems. As AI technology continues to evolve, it is essential for businesses to prioritize governance, security, and regulatory compliance to protect against potential cyber threats and maintain trust with customers and stakeholders. Henry Umney’s insights serve as a valuable resource for organizations looking to enhance their AI governance and security practices in preparation for the challenges ahead in 2025.

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