Tag: Cybersecurity

More Companies Flag a New Risk: Artificial Intelligence

Carlyle Group LP, Overstock.com Inc. and AmTrust Financial Services Inc. are among the growing ranks of companies whose annual shareholder reports now include artificial intelligence as a risk factor.

About 55 companies mentioned AI in the risk-factor section of their annual reports filed to the Securities and Exchange Commission in 2018, more than double the approximately two dozen the prior year, according to Nick Mazing, research director at investment research platform Sentieo Inc.

And in 2016, the number of companies mentioning AI as a risk in SEC filings was practically nonexistent, say MyLogIQ and Calcbench Inc., two other providers of public company data.

Is the SEC Failing Investors on Cyber-Security Risk?

Hackers hack weakness. They are efficient at finding it and work relentlessly to exploit it. Now, new moves by the SEC are raising questions about whether the regulator is taking the right steps to protect America’s capital markets and investors. Warren Buffett recently declared at the 2018 Berkshire Hathaway annual meeting that cyber risk “is uncharted territory. It’s going to… Continue reading Is the SEC Failing Investors on Cyber-Security Risk?

Few Cyber Experts Named to Audit Committees

The designation “kitchen sink committee” continues to be an apt moniker for the audit committee, as research shows it is getting saddled with cyber-security oversight more than any other board committee. However, new questions are emerging over whether audit committee directors have the right expertise to deal with these new responsibilities. Though investors are continuing… Continue reading Few Cyber Experts Named to Audit Committees

CIOs: Boards Don’t Get IT

Chief information officers and other tech executives have bemoaned boards’ lack of understanding about IT, cyber security and technology for years. But now a new website aims to bring some of those backroom concerns to boards’ attention. The Digital Directors Network, which launched this summer, is a new resource for board-level education on IT, technology and… Continue reading CIOs: Boards Don’t Get IT