AustralianSuper's HESTA is urging company boards to bolster their expertise in cybersecurity and artificial intelligence. The superannuation fund believes that directors with relevant experience are essential to improving companies' resilience in the face of growing technological threats and opportunities.
This call to action reflects a growing awareness of AI's dual role in cybersecurity. While AI offers powerful tools for enhancing cyber defences, it also amplifies the risk of sophisticated attacks. HESTA's demand highlights the need for boards to proactively manage AI as both a risk and an opportunity, ensuring ethical standards and robust security measures are in place. This includes aligning cybersecurity requirements with business objectives and translating complex risks into financial terms.
