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The concern that the KPMG US CEO keeps hearing from other executives

KPMG US CEO Tim Walsh says corporate leaders have discussed their concerns as AI raises cybersecurity risks to new levels.

KPMG US CEO Tim Walsh has been hearing recurring concerns about cybersecurity from other executives. While AI executives are excited about the potential of AI, they are increasingly worried about the cybersecurity risks it brings. Walsh noted that cyber risks have "elevated to places that we've never seen before" due to AI's ability to provide new avenues for cyber attacks.

This concern was echoed in a recent KPMG US survey of 400 CEOs, which found that 85% identified cybercrime and cyber insecurity as a potential threat to their company's prosperity in the next three years. KPMG is responding to these concerns by developing a cyber-defense business centered on AI, with the goal of protecting their own business and clients' businesses.

Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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