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Generative AI: Transforming the cyber landscape

The report

Major leaps in the effectiveness of Generative AI (GenAI) and Large Language Models (LLMs) have dominated the discussion around artificial intelligence over the past 18 months. Given its growing availability and sophistication, the technology will inevitably reshape the cyber risk landscape.

Generative AI: Transforming the cyber landscape, explores how GenAI could be used by threat actors and cyber security professionals and highlights its potential impacts on the cyber risk and insurance landscape.

The report is broken into four chapters: 1. The story so far, 2. Transformation of cyber risk, 3. Consideration for businesses and insurance, 4. Taking action.

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Executive summary

Short for time? We’ve summarised the key insights from the report in this handy executive summary graphic. Download and read the full report to explore all the insights on GenAI, LLMs and the risks they pose to the cyber landscape.

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Lloyd’s has been exploring the complex and varied risks associated with AI since 2016 and its developments present both opportunities and risks for businesses and the insurance industry.

When considering the threat landscape, we must stay responsive to these rapidly changing technologies, learn from them, and seek to make the most of the efficiencies they bring. Generative AI is not the first, and won’t be the last, disruptive technology to impact the cyber threat landscape, so it is critical that business improve their risk mitigation, security and defence technologies, as well as seek appropriate risk transfer today, more than ever before.

Dr Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s

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