12 Feb The Rise Of Artificial Intelligence In Cybercrime And Cybersecurity
This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – Feb. 7, 2024
The penalty for inadequate defense is increasingly severe, according to an Infosecurity Magazine article written by Alex Leadbeater, Technical Security Director at the GSMA, a global organization uniting 1,000 mobile operators and businesses around the world.
Cybersecurity Ventures estimated last year’s global cybercrime damages at a staggering cost of $8 trillion USD, ranking it as the world’s third largest ‘economy’, just behind the U.S. and China.
According to IBM, the average cost of a data breach in 2023 was $4.45 million — a 15 percent increase over the last three years.
What’s remarkable in modern cybersecurity is the speed with which the industry must react to new technological changes, perhaps the most notable being the rise of AI.
Cybercriminals can now use AI-powered tools to craft convincing phishing emails, orchestrate deepfake attacks, and develop malware with adaptive capabilities, rendering many traditional defence mechanisms obsolete.
But with advances in attacks come new forms of defense. AI can play a pivotal role in identifying anomalies and potential threats. For example, AI’s proficiency in automating incident response processes can transform cybersecurity – rapid detection, analysis, and response to security incidents become achievable at a pace that manual processes cannot match, minimizing the impact of cyberthreats.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.