A report by Cisco showed that malware sophistication is increasing and hackers are better evading detection with encryption, leading CISOs to rely more heavily on automation, according to Cisco.
Cisco found that
- 39% of organizations are reliant on automation for cybersecurity, 34% are reliant on machine learning, and 32% are highly reliant on AI. — Cisco, 2018
- More than half of all cyberattacks reported in 2017 resulted in financial damages of more than $500,000, including lost revenue, customers, opportunities, and out-of-pocket costs. — Cisco, 2018.
The report found that 39% of organizations are reliant on automation for cybersecurity. Another 34% were reliant on machine learning, and 32% said they are highly reliant on AI.
Encryption, while meant to improve security, is also causing challenges and confusion for cyber defenders, the report found. As of October 2017, 50% of global web traffic—both legitimate and malicious—was encrypted. This makes it more difficult to identify and monitor potential threats, because encryption offers malicious actors a tool to conceal command-and-control activity, giving them more time to operate and wreak havoc.
Read the full story here: – Cisco: 32% of businesses are ‘highly reliant’ on AI for cybersecurity
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