Description

If we spend an extra million dollars on cybersecurity, are we a million dollars safer? This is a question Louise McGrath, Head of Industry Development and Policy at Australian Industry (Ai) Group, often hears from her members as they battle to keep costs down while securing their future with innovation. She discussed these issues with Chris Novak, Head of Cybersecurity Consulting at Verizon, in the latest episode of Verizon’s Securing AI podcast series. Moderated by InnovationAus.com publisher Corrie McLeod, this conversation explores the challenge of quantifying cybersecurity risks in dollars and cents, and the transformative impact of generative AI on managing these investments.

Summary

The podcast episode focuses on the critical aspect of securing artificial intelligence systems in the context of limiting cybersecurity risks. Discussants include Louise McGrath from the Australian Industry Group and Chris Novak from Verizon, who emphasize the challenge of effectively allocating resources in cybersecurity, specifically in measuring risk reduction per investment. This conversation touches upon how generative AI can transform approaches to cybersecurity investment, highlighting both opportunities and risks. The episode offers insights into AI safety with a notable emphasis on its economic aspects, but it does not delve deeply into existential or catastrophic AI risks.

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