Page 73 - Risk Report 2024

IRMSA
73
RISK REPORT 2024/25

Longer-term response to address risk

sustainably

Risk drivers Response strategies Impact

Unrestrained technology development, Regulations for search and engagement criteria, audits on
discriminative selection and outcomes, consequences for abuse of technology platforms
engagement models (recruitment, and market dominance.
marketing, memberships).

Unauthorised harvesting of data: Regulations for all public behaviour monitoring (location,
behavioural, location, purchasing, visual and sound), monitoring and testing of public data
socialising; State security and gathering.
intelligence / police abuse of
monitoring.

Intended and unintended logic loops, Technical validation of automated systems, global pools of
no moral choice in AI logic parameters tests and situational responses. Moderate,
(self-driving car misses large object & unless
hits people). constantly
monitored

Elimination of transactional services Substantially increase IT / coding / maths training, create
and related work opportunities; transaction support portals where humans support self-
automate basic production tasks; service transactions and response needs; commit to update
switch to self-service eliminates many skills for increasingly IT use.
sales functions incl. big ticket items
(cars, houses, equipment).

Cyber extortion, ransomware, denial of Ongoing / enhanced technical resilience & testing; protection
service, data theft, international hack of data and best available system access controls.
attacks, utility operational shutdowns.

Malicious and technical failure Security and lifestyle audits on IT service providers; ongoing
at major IT platforms; deliberate validation of back up data and systems.
corruption of data.

Sources:
• Kerushan Govender. Age of Agency: Rise with AI. Productivity Press 2023