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Advances in AI technology are playing a crucial role in the evolution of the cybersecurity sector. Markets and Markets reports that global companies will spend over $60 billion on AI-driven cybersecurity solutions in 2028.
Some of the benefits of AI in cybersecurity include:
In recent times, cybersecurity has become an increasingly important issue. Last summer, a global study found that 82% of CIOs felt that their organizations were vulnerable to cyberattacks.
This is because the number of cyber-attacks and identity thefts has increased worldwide. For example, there were over 236 million ransomware attacks in 2022, and 20% of Internet users were affected by hacked email servers. As such, it's more important than ever for individuals and businesses to ensure they're adequately protected against any malicious attack or data breach.
As the use of artificial intelligence (AI) grows more widespread, it is finding its way into cybersecurity. According to research from Markets and Markets, global organizations are projected to spend $22.4 billion on AI solutions for cybersecurity this year.
Usama Amin recently wrote a great article on the benefits of AI in cybersecurity. We wanted to cover some of the most specific advantages.
A global study by Information Systems Security Association (ISSA) and industry analyst firm Enterprise Strategy Group (ESG) shows that the alarming cybersecurity skills shortage problem raged on for the fifth consecutive year in 2021. This skills shortage, which affects 57 percent of organizations, has resulted in increasing workloads for cybersecurity teams, unfilled cybersecurity job vacancies, and high burnout levels among cybersecurity team members.
A relatively new tool for cybersecurity teams called Sigma rules offers a mitigation option for the skills crisis. It may not completely eliminate the issue, but it can provide a significant contribution in giving teams breathing room as they deal with the serious impact of not having enough people to address aggressive and evolving cyber threats.