But beyond AI itself, digital infrastructure The measures needed to implement them into an organization’s operations represent a growing attack surface that demands greater attention.
“This trajectory suggests that a broader digital transformation is imperative to support growth,” Misa says.
The study highlighted a number of discussions around the potential risks associated with data breaches exposing sensitive information and compliance. Emphasis was placed on the need to implement cybersecurity technologies and mitigate these risks.
Ecosphere of attacks
This focus on cybersecurity is not without merit. Recent reports from cybersecurity firms Imperva, NETSCOUT, and F5 Labs paint a worrying picture of the current threat landscape.
These reports collectively highlight a dramatic increase in distributed denial of service (DDoS) attacks, with F5 Labs documenting a 112% increase in these attacks from 2022 to 2023.
Ransomware has also seen a surge. One of the largest cyberattacks ever on a U.S. healthcare provider occurred this year. Six terabytes of data were reportedly stolen from Change Healthcare. Much of that data was later leaked online.
AI and cyberspace, allies of digital transformation
As we move forward into 2024 and beyond, it appears that AI and cybersecurity will be the twin pillars upon which successful business strategies will be built.
The report highlights that businesses increasingly understand that leveraging AI as part of digital transformation is not complete without the means to secure it.
With a study by the law firm Mayer Brown showing that nearly eight in ten financial services executives feel they are unable to plan for the future due to concerns about their organization’s ability to withstand cyberattacks, the need for cybersecurity alongside AI is highlighted.
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