All CIOs and IT executives in our network agree that cybersecurity is among the top priorities when implementing new IT projects. Thus, the market for cybersecurity solutions is expected to grow to 248.26 billion U.S. dollars by 2023, according to Statista. The current changes to our working environment, accelerated by the need for flexible working solutions due to the corona crisis, will amplify this growth even further. As technology improves and the internet network is widely used, cyber-attacks are now growing more rapidly than ever before. Cybercriminals have even developed sophisticated attacks that legacy cybersecurity systems will be unable to identify.
New technology based on Artificial Intelligence and Machine Learning is the key to tackle cyber threats. Artificial Intelligence has transformed in many ways cybersecurity, bringing companies to the next level of tackling cyber issues.With the help of machine learning, AI can detect threats by analyzing data and identifying unseen patterns in the network. In fact, AI-powered solutions can learn from experience and patterns to determine various risks, eliminating human errors and enhancing the speed to respond to threats.
One of the most common cyber-attacks is phishing, disguised as shipping emails or health organizations to steal user information. By analyzing email and learning patterns and user behaviors, AI helps companies spot and prevent email attacks. Moreover, a next generation firewall along with AI is capable of recognizing patterns and detecting malware.
Using simple passwords makes systems vulnerable to attack. Biometric authentication, therefore, has been utilized as an alternative to passwords; however, it is difficult for a face recognition system to recognize an individual with a new hairstyle, and it might be easy for hackers to just use a photo to pass the system. When employed with AI, Biometric technologies can identify individuals efficiently by tracking facial and behavioral traits. AI has empowered biometrics to develop a security system and their combination has massively mitigated risks and frauds.
AI has played a vital role for both good guys and bad guys in cybersecurity. While companies are excited to adopt new technology and automation powered by AI to reduce threats, cybercriminals also deploy AI to design sophisticated cyber-attacks, such as AI fuzzing and machine learning poisoning, to disrupt organizations and operations. It will be likely to fight AI with AI in future.
Picking the right cybersecurity products can be challenging though as CIOs struggle to balance and prioritize the features of the different solutions. Our network of global CIOs and IT executives will give you valuable insights of solution providers as well as experienced users of these products which will help you stay ahead of the security needs of your company.
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