CCI staff share recent surveys, reports and analysis on risk, compliance, governance, infosec and leadership issues. Share details of your survey with us: editor@corporatecomplianceinsights.com.
Less than 10% of company leaders confident in managing labor relations and AI
Only 9% of top company officials believe their organizations are very prepared to handle labor relations issues brought up by the adoption of AI, a survey by Littler found.
The survey of 665 in-house lawyers, HR professionals and business executives also found that about 70% reported being moderately to somewhat prepared and 20% reported not being prepared at all.
That lack of confidence comes as leaders recognize significant changes AI can make in their workforce. The survey found that 87% of respondents expect unions to use employee fears about AI displacing or changing jobs to fuel organizing interest in the next year. A notable portion also believes that increased AI use will reshape job responsibilities (67%), redistribute work across teams (42%) and reduce entry-level roles (30%).
More than half (58%) of unionized organizations have already heard concerns about job displacement and workforce reduction in union discussions, and 56% said concerns from workers about AI-related shifts in job responsibilities or productivity expectations have emerged.
Almost 90% of companies experienced a cyberattack this year
Nearly nine out of 10 multi-location companies were victims of cyberattacks in the past 12 months, according to a survey by VikingCloud.
The survey of 200 security and IT decision-makers at US and European companies with locations across the globe found that 86% reported having a cyberattack recently. More than three-quarters (77%) said the attack spread beyond where it started to other brand locations, corporate systems or shared vendor relationships.
More than half of respondents (51%) mandated a cybersecurity policy across all locations, but 33% of companies allowed for discretion in implementing corporate guidelines while 15% left cybersecurity policy to the individual locations.
Almost nine out of 10 (88%) reported that ransomware attacks originating at individual locations or spread out from them have more frequent, more severe or both, and nearly an identical percent (87%) said that AI-generated phishing and deepfakes targeting location managers and frontline staff have gotten worse.
C-suite diverge in disruption-readiness assessments
Divides are brewing in the C-suite over companies’ disruption readiness.
More than half of CEOs are confident their firms could handle a major disruption compared to less than a third of CIOs, according to a survey by Highspring of 1,137 c-suite executives and VPs of US and Canadian companies that asked the officials about their ability to overcome disruption of 10 core business functions, such as supply chain, cybersecurity, compliance or workforce disruptions.
Of the CEOs surveyed, 52% said they were very confident that their companies could handle a major disruption in the functions. Among CIOs, only 30% reported high levels of confidence in being able to tackle a major disruption.
The survey also found that CFOs were twice as likely to consider their companies’ core business functions to be exposed than CEOs with about 8% of CFOs calling core functions exposed vs. about 4% of CEOs on average across the 10 functions.
CEOs and CFOs also disagreed about how well their companies stay aligned during uncertain conditions with 8% of CEOs saying leadership doesn’t stay aligned and 15% of CFOs reporting non-alignment when conditions become uncertain.
The survey also found that a vast majority of leaders (95%) reported that business was disrupted by something outside company control in the last year and 67% felt such disruptions twice or more.
