How can AI prove to be a game-changer in cybersecurity?
Artificial intelligence (AI) has evolved from a concept of science fiction to a living, breathable reality in the 21st century. Today, AI is at the heart of many companies. From online shopping tips to self-driving cars to virtual assistants like Siri and Alexa, AI is everywhere. It has immense potential to improve people’s lives and economic outcomes and create a world of unlimited possibilities.
Also, in this age of digital transformation, where everything is connected and shared online, security is a major concern for users. In addition, as organizations move to a fully digital work environment, hackers are taking advantage of digital vendors. There has been a significant increase in security breaches in recent years. According to TechRepublic’s analysis, cyberattacks against medium-sized organizations increased by at least 50% in all industries between 2020 and 2021. This percentage is overwhelming for the security staff of a normal company.
As a result, many companies are working to integrate AI into cybersecurity to manage their businesses more securely and efficiently, and to protect themselves from the ever-evolving threat landscape. According to online statistics, the global AI market in cybersecurity will increase at a CAGR of 23.6% from 2020 to 2027, reaching $ 46.3 billion. In addition, according to the International Data Corporation (IDC) report, global spending on cybersecurity will reach $ 174.7 billion in 2024, with security services being the largest and fastest growing segment.
Identification and prevention of delights
Every year, hackers launch a staggering number of cyberattacks for different reasons. It is difficult for humans to identify all the threats of a company. This is where AI comes into play. You can quickly analyze large groups of situations and behaviors to find threat needles that match malicious activities.
AI can run pattern recognition, detect malware, and even the smallest activities of malware or ransomware attacks before it enters your system. With proper procedures, hackers will not even realize that you are aware of their existence, which will allow you to take quick steps to protect your digital infrastructure.
We can see a lot of fraudulent activity going on these days. Attackers use advanced technologies to access other people’s data and steal important information to carry out malicious operations. They may use this information to carry out illicit transactions, credit card fraud and other types of fraud. According to the National Crime Records Bureau (NCRB), cases of online financial fraud with credit or debit cards have increased by more than 225% during the pandemic, from 367 in 2109 to 1194 in 2020.
In this context, AI can quickly detect unexpected behaviors, such as purchases made on a standalone device or unusual transactions, and help users select the password by notifying them when a password is not secure enough.
Increase the effectiveness of cyber analysts by handling massive data
A lot of data is exchanged between customers and the company every day. This data must be protected from malicious people and software. However, cybersecurity specialists cannot inspect all traffic for possible threats.
Thus, AI can help cyber analysts minimize their workload by reducing the time required to filter data records manually. You can notify them of an attack while categorizing the type of attack, better equipping them to respond appropriately. In addition, thorough analysis of behavior patterns helps cyber analysts manage even the most complex threats with less manual effort.
Real-time data breach response
As the number of cyberattacks increases, being able to detect and respond quickly to malware is the first step in securing your business network. AI can quickly assess large amounts of data, making it much more efficient than manually detecting threats. Integrating AI with cybersecurity is the most effective way to detect and respond to real-time cyber threats. AI can provide alerts or respond automatically without human intervention, creating defensive patches immediately when an attack is detected.
It is essential that companies carefully assess the security implications for thriving in this digital ecosystem. AI can help cybersecurity professionals minimize the risk of breach and improve security by providing much-needed threat analysis and identification. It has the potential to stop the influx of cyberattacks and, with proper integration, will be a game changer for cybersecurity professionals.
Exemption from liability
The opinions expressed above are those of the author.
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