New Technology Audit Risks Research: Cybersecurity and AI Represent Key Concerns

As technology evolves rapidly, organizations face increasingly complex challenges in cybersecurity, privacy, data protection, governance and the responsible use of artificial intelligence. Cybersecurity remains the most immediate concern, with 68% of organizations identifying it as a significant threat over the next 12 months. At the same time, 59% anticipate substantial risks from advanced AI within the next two to three years. To stay ahead, audit leaders must strengthen their teams’ expertise, apply sound ethical judgment and remain adaptable as new threats emerge. Organizations should address proficiency gaps in AI and third-party risk, closely monitor enterprise AI adoption, and establish strong controls for privacy, security, governance and ethical use. A proactive, frequent and technology-enabled audit approach is essential for understanding emerging risks and building lasting resilience.

Key Takeaways:

• Cybersecurity remains the most urgent threat: 68% of organizations identify it as a major concern over the next 12 months.
• AI risks are rapidly gaining importance: 59% expect significant advanced AI risks within two to three 
  years.
• Frequent audits strengthen preparedness: Conducting six or more technology audits annually can 
  improve risk awareness and response.
• Modern audit teams need modern capabilities: Organizations should develop AI and third-party-risk expertise while maintaining strong privacy, security, governance and ethical-use controls.