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Executive Insights: Navigating AI’s Dual Role In Cybersecurity

AI: Catalyst For Growth And Source Of Risk

A recent survey by corporate insurer Axis Capital reveals a pronounced divide among top executives regarding the risks, rewards, and implications of emerging artificial intelligence technologies. As advancements in AI drive improvements in cybersecurity defense, they simultaneously arm cybercriminals with increasingly sophisticated tools, intensifying the threat landscape.

Contrasting Perspectives: CEOs And CISOs

In a detailed study involving 250 CEOs and chief information security officers (CISOs) from the U.S. and U.K., executives articulated divergent views on AI’s impact. While CEOs overwhelmingly perceive AI as a driver of productivity and competitive advantage, CISOs express concern over increased vulnerabilities, particularly in the context of potential data leaks. Only 19.5% of CEOs admitted to a lack of confidence in AI fortifying their cybersecurity measures, compared to 30% of CISOs, highlighting a critical gap in perception among board-level decision makers.

Adapting To Rapid Change

According to Axis Capital CEO Vincent Tizzio, AI introduces challenges that extend beyond conventional cybersecurity issues. In an interview with CNBC, he said the rapid evolution of AI requires constant reassessment of the tools and investments that underpin corporate security strategies. His comments underscore the importance of agile decision making at the highest levels of corporate governance.

Geographical Variations In Preparedness

The survey also found regional differences. About 85% of U.S. executives said they feel adequately prepared for AI-related threats, while 44% of U.K. executives reported the same. The gap suggests that while AI is viewed as a competitive asset in both markets, implementation and risk management practices vary significantly.

Heightened Investment In Cybersecurity

With ransomware attacks nearly doubling over the past two years, cybersecurity has become a top strategic priority. A total of 82% of respondents said they plan to increase cybersecurity budgets in the coming year, reflecting heightened concern over evolving AI-enabled threats.

In an environment where cybersecurity is central to executive decision making, the findings from Axis Capital’s survey highlight a clear challenge: organizations must balance the benefits of AI with its risks to protect critical systems while sustaining growth.

Cyprus Unemployment At 4.2% In February 2026, Eurostat Data Show

Eurostat data show that Cyprus recorded a lower unemployment rate in February 2026, while rates in the euro area increased every month.

Strong Performance In Cyprus

Cyprus reported an unemployment rate of 4.20% in February 2026, down from 4.50% in February 2025. The number of unemployed declined from about 23,000 to 22,000 individuals over the same period.

Euro Area Trends And Broader EU Dynamics

Across the euro area, the seasonally adjusted unemployment rate rose to 6.20% in February 2026 from 6.10% in January. On an annual basis, the rate declined from 6.30% in February 2025. Across the European Union, unemployment stood at 5.90% in February 2026, compared to 6.00% a year earlier.

Youth And Gender Disparities

Youth unemployment in the EU reached 15.30%, with 2,957,000 individuals under 25 recorded as unemployed. Female unemployment in the EU increased to 6.10% in February from 6.00% in January, while the male rate remained at 5.70%. Similar trends were observed in the euro area.

Conclusion: A Mixed Economic Landscape

Monthly data show an increase in the number of unemployed by 137,000 in the EU and 93,000 in the euro area. Annual figures indicate a decline in unemployment rates, while Cyprus maintains a lower level compared to EU and euro area averages.

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