Small and medium enterprises have security vulnerabilities in GenAI applications; companies lack awareness of the risks associated with GenAI applications; ChatGPT drives a surge in GenAI investments; enterprises struggle to keep up with the fast-paced development of GenAI technology; security incidents related to GenAI applications are frequent.

Surveys show that three-fifths of companies believe generative AI presents business opportunities, yet concerns about cyber attacks persist. PwC points out that companies that do not take risks will struggle to advance in the competition of emerging technologies. More than 30% of companies are extremely sensitive to cyber risks, but 60% view generative AI as a business opportunity.

According to PwC's latest report, business leaders express concerns about the impact of generative artificial intelligence on cybersecurity. More than half of business leaders anticipate that generative AI will lead to 'catastrophic' cyber attacks in the coming year. Despite these concerns, many companies still plan to utilize generative AI to enhance cybersecurity.