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Generative AI (genAI) is increasingly being integrated into business operations, offering opportunities for efficiency and value creation. However, it also presents risks related to data security, privacy, and compliance. Key concerns include data exfiltration, accidental breaches, and regulatory violations, which could have severe consequences if not properly managed.
Businesses aim to strike a balance between leveraging genAI’s benefits and enforcing stringent security measures. According to a 2023 IBM report, 82% of businesses see AI-related risks as a top priority, and 45% of data breaches are now AI-driven in some form. Moreover, compliance costs for companies using AI tools have surged by 30% due to evolving regulations.
To mitigate risks, organizations must implement clear guidelines and protective measures, ensuring that genAI is used responsibly while maintaining robust data protection and compliance standards.