News Summary

• KPMG is building a managed cyber-defense business centered on AI.
• CEO Tim Walsh: "The cyber risks have just elevated to places that we've never seen them before" KPMG already helps clients assess AI-related controls and governance.
• Walsh said the firm is developing additional services to verify that AI agents are operating as intended and give investors and others confidence that companies can control them.
• "Trust around AI is a real thing," he said.
• The company sees it as a potential opportunity worth more than $1 billion.