Most CISOs are managing AI risk poorly. Not because they're ignoring it, but because they're managing the wrong version of it. Two failure modes appear repeatedly. The first is fixating on the dramatic: AI-powered nation-state attacks, voice synthesis fraud, models that autonomously exploit infrastructure. The second is treating AI as a future concern while it is already deployed, by employees and vendors, inside the organization. Both postures miss the risk that actually lands on a security team's desk this quarter. The Threat Scenarios Getting Too Much Attention AI-assisted spear phishing that personalizes at scale is real. Voice synthesis fraud is real. Nation-state actors using AI to accelerate attack chains is real. These threats warrant monitoring. They don't warrant becoming the organizing principle of your AI risk program.…