AI Amplifies Cyber, Fraud Risks Facing Chief Internal Auditors

Artificial intelligence has heightened the risks of cyber crime and fraud for companies, according to a survey of chief internal auditors released Wednesday.

More than half of the European internal auditors surveyed said that AI increased the risks for cybersecurity, fraud, and digital disruption. Internal auditors check that their company’s risk management, governance, and controls work as intended.

The Chartered Institute of Internal Auditors questioned 985 chief internal auditors from 20 European countries including the UK, France, and Germany.

• “AI is evolving rapidly, and as with all new technologies it can be used for positive and negative reasons,” the institute’s ...