GenAI Use Banned Due to Privacy Risks: Cisco Study
By Rediff Money Desk, NEWDELHI Jan 29, 2024 15:21
A Cisco study reveals that 27% of organizations have banned GenAI use due to privacy and data security concerns. Learn about the top risks and how businesses are mitigating them.
New Delhi, Jan 29 (PTI) More than one in four organisations surveyed banned the use of Generative AI on account of privacy and data security risks, Cisco said citing findings of a global study.
The 'Cisco 2024 Data Privacy Benchmark Study' relied on responses from 2,600 privacy and security professionals across 12 geographies including India, Australia, Brazil, China, France, Germany, Italy, Japan, Mexico, Spain, the UK and the US.
The study reveals that most organisations are limiting the use of Generative AI (GenAI) over data privacy and security issues and that 27 per cent banned its use, at least temporarily.
"More than 1 in 4 organisations banned use of GenAI over privacy and data security risks," according to the study by the US network gear maker Cisco.
The findings underlined the growing privacy concerns with GenAI, trust challenges facing organisations over their use of AI, and the attractive returns from privacy investment.
The seventh edition of the benchmark found that privacy is much more than a regulatory compliance matter.
Among the top concerns, businesses cited the threats to an organisation's legal and Intellectual Property rights (69 per cent), and the risk of disclosure of information to the public or competitors (68 per cent).
"Most organisations are aware of these risks and are putting in place controls to limit exposure: 63 per cent have established limitations on what data can be entered, 61 per cent have limits on which GenAI tools can be used by employees, and 27 per cent said their organisation had banned GenAI applications altogether for the time being," according to Cisco.
Still, many individuals have entered information that could be problematic, including employee information (45 per cent) or non-public information about the company (48 per cent).
“Organisations see GenAI as a fundamentally different technology with novel challenges to consider," as per Dev Stahlkopf, Cisco Chief Legal Officer.
More than 90 per cent of respondents believe GenAI requires new techniques to manage data and risk, Stahlkopf said adding this is where thoughtful governance comes into play.
The 'Cisco 2024 Data Privacy Benchmark Study' relied on responses from 2,600 privacy and security professionals across 12 geographies including India, Australia, Brazil, China, France, Germany, Italy, Japan, Mexico, Spain, the UK and the US.
The study reveals that most organisations are limiting the use of Generative AI (GenAI) over data privacy and security issues and that 27 per cent banned its use, at least temporarily.
"More than 1 in 4 organisations banned use of GenAI over privacy and data security risks," according to the study by the US network gear maker Cisco.
The findings underlined the growing privacy concerns with GenAI, trust challenges facing organisations over their use of AI, and the attractive returns from privacy investment.
The seventh edition of the benchmark found that privacy is much more than a regulatory compliance matter.
Among the top concerns, businesses cited the threats to an organisation's legal and Intellectual Property rights (69 per cent), and the risk of disclosure of information to the public or competitors (68 per cent).
"Most organisations are aware of these risks and are putting in place controls to limit exposure: 63 per cent have established limitations on what data can be entered, 61 per cent have limits on which GenAI tools can be used by employees, and 27 per cent said their organisation had banned GenAI applications altogether for the time being," according to Cisco.
Still, many individuals have entered information that could be problematic, including employee information (45 per cent) or non-public information about the company (48 per cent).
“Organisations see GenAI as a fundamentally different technology with novel challenges to consider," as per Dev Stahlkopf, Cisco Chief Legal Officer.
More than 90 per cent of respondents believe GenAI requires new techniques to manage data and risk, Stahlkopf said adding this is where thoughtful governance comes into play.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.80 ( -0.71)
- 44492337
- G V Films
- 0.94 (+ 9.30)
- 37404318
- Jaiprakash Power Ven
- 19.44 ( -3.38)
- 30530141
- Spicejet Ltd.
- 62.79 ( -4.25)
- 22824171
- Srestha Finvest
- 0.89 (+ 4.71)
- 21696619
MORE NEWS
RBI Deputy Governor Rajeshwar Rao Gets One-Year...
The government has extended the term of RBI Deputy Governor M Rajeshwar Rao for one...
Dev Accelerator Plans Rs 125 Cr IPO for...
Dev Accelerator Ltd, a flexible office space provider, is set to raise Rs 125 crore...
Payoneer & Tech Mahindra Partner for...
Payoneer and Tech Mahindra have partnered to optimize payment capabilities for Populii,...