Artificial Intelligence Is Transforming Cyber Security

Cyberattacks atrewidely acknowledged as the one of the top threats in the digital world, leading to an increasing number of organisations from around the world to leverage artificial intelligence in cyber security operations.

Such applications of artificial intelligence in cyber security might still seem to be new, but they are already showing a great potential in terms of enabling organisations and companies to detect, prevent or react to emerging cyber threats more promptly and more effectively than ever before.

Since data has become the biggest valuable for any modern business, cyber attackers are trying everything to hack this information.  Traditional computer defence software is no longer enough to protect companies’ data from fast-increasingly sophisticated cyberattacks.

In response to this worldwide struggle of data security, the emerging features such as ‘artificial intelligence’ or ‘machine learning’ fast becoming some of the best solutions to tackle this global issue.Although many AI based innovations still require maturity and still have their drawbacks, no one can deny that the great power of artificial intelligence in cyber security is making this world of digitalisation better and safer.

Why is Cyber Security So Important?

As the whole world is becoming more digitalised, cybercrime is now one of the biggest threats to all businesses and government organisations around the world.Various types of cyber-attacks, such as unauthorised access, ransomware or malware, misconfiguration, Phishing, API, credential stuffing, and malicious insider, are causing a huge loss to the global economy.

According to recent reports from Juniper and ForgeRock, cyber criminals exposed 2.8 billion consumer data records in 2018, costing US organisations over USD 654 billion. Meanwhile, the cost of cybercrime is expected to exceed USD 2 trillion globally in 2019. It is estimated that cyber-attacks to US financial services organisations cost the industry over USD 6.2 billion in Q1 2019 alone, a figure which increased by USD 8 million from Q1 2018.

Even though there was approximately USD 114 billion invested in cyber security products and services in 2018, cybercriminals continue to successfully attack organisations across different industries to gain access to valuable consumer data.

The latest US consumer data breach report from ForgeRock identifies that personally identifiable information (PII) was the most targeted data for breaches in 2018, comprising 97% of all breaches.The research also found the most frequent attack method was from unauthorised access, representing 34% of all cyber-attacks in 2018. Several industries such as healthcare, financial services, and government were among the most attached sectors by cyber attackers.

To minimize the impact of cyber-attacks, companies and organizations are looking to apply AI technologies to combat these threats more effectively.

Artificial intelligence in cyber security plays an important role in threat detection, pattern recognition, and response time reduction. It also helps in combating threats such as distributed denial-of-service (DDoS) attacks. Adopting AI in cyber security offers better solutions when it comes to analysing massive quantities of data, speeding up response times, and increasing efficiency of under-resourced security operations.

Cyber-attacks can be predicted by tracking cyber threats through cyber security analytics which uses Big Data to create predictive analyses of how and when cyber-attacks will occur. The network activity can be analysed while also comparing data samples using predictive analytics algorithms.

Artificial intelligence can help to enhance the capabilities of cyber security through several aspects, including machine learning, risk identification, access securing and fast responses.

Machine Learning

AI is designed and trained to collect, store, analyse and process significant amount of data from both structured and unstructured sources. Thanks to emerging technologies such as machine learning and deep learning, the AI can constantly evolve and improve its knowledge about cybersecurity threats and cyber risk.

The latest trend has seen many cyber security companies are teaching AI systems how to detect malware and viruses by implementing several datasets of algorithms and codes.With these data sets, AI can establish and adjust pattern recognition that helps to detect and identify malicious behaviour on the Internet.

Risk Identification

Risk identification is an essential feature of adopting artificial intelligence in cyber security. AI’s data processing capability is able to reason and identify the threats through different channels, such as malicious software, suspicious IP addresses, or virus files.
 
Moreover, machine learning can also analyse various of websites or micro-behaviour of software to detect whether they will navigate to malicious files or attacks. In other words, AI systems can predict and recognise a risk before the actual cyber-attack strikes.

Access Securing

Companies and organisations normally use authentication model to secure access of data from outsiders. However, conventional login details, such as username and password are vulnerable to cyber attackers.

Therefore, AI systems use multi-factor authentication for better protection of access. Factors such as user behaviour, device, personal information, device, location, and even biometrics are all analysed by AI cyber security systems to ensure the security of data access.

Fast Responses

AI analysis towards cyber-attacks only takes seconds or minutes, which is much easier and faster than using conventional cybersecurity systems.
 
With the implementation of artificial intelligence in cyber security, human employees do not need to conduct time-consuming research tasks for cyber risks anymore, and it effectively reduces the response time for companies and organisations on preparing effective strategies to fight against numerous cyber-attacks.

TechNavio:         Juniper Reserach:      ForgeRock

You Might Also Read:

AI Market Forecast To Be Worth $190b By 2025:


Using The Right Technology Saves Downtime From Cyber Attacks:

« Smart Cities Already Exist
The Scope Of A Cyber Security Audit »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

BackupVault

BackupVault

BackupVault is a leading provider of completely automatic, fully encrypted online, cloud backup.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Paessler

Paessler

Paessler is a leading worldwide provider of network monitoring software.

Stratogent

Stratogent

Stratogent is a custom managed services organization based in San Mateo, California. We design, implement and support mission critical infrastructure

Certification Europe

Certification Europe

Certification Europe is an accredited certification body which provides ISO management system certification including ISO 27001.

Gate 15

Gate 15

Gate 15 provide risk management services focusing primarily on information, intelligence and threat analysis, operational support and preparedness.

Wolfpack Information Risk

Wolfpack Information Risk

Wolfpack specialise in information and cyber threat management covering the full spectrum of prevention, detection, incident response and business resilience capabilities.

TruNarrative

TruNarrative

TruNarrative provides a unified solution for Identity Verification, Fraud Detection, eKYC, Risk Assessment, AML Compliance and Account Monitoring.

GuardianKey

GuardianKey

GuardianKey is a solution to protect systems against authentication attacks.

Aspisec

Aspisec

Aspisec is a cybersecurity company specialized in Firmware Security and Critical Infrastructure Protection.

Atlantic Security Conference (AtlSecCon)

Atlantic Security Conference (AtlSecCon)

Atlantic Security Conference is a non-profit, annual, information security conference located in Halifax, Nova Scotia, Canada.

Snode Technologies

Snode Technologies

Snode's Guardian cybersecurity platform uses AI and machine learning to monitor, detect and proactively respond to all threats on every device within your network.

Nubeva Technologies

Nubeva Technologies

Nubeva provide a breakthrough TLS Decrypt solution with Symmetric Key Intercept to gain the visibility needed to monitor and secure network traffic.

Ward Solutions

Ward Solutions

Ward Solutions are an information security consultancy and managed services company. We help organisations protect their brand, people, assets, intellectual property and profits.

National Cybersecurity Consortium (NCC)

National Cybersecurity Consortium (NCC)

The NCC’s mandate is to keep Canada’s cyber and critical infrastructures and citizens safe while ensuring Canada’s global competitiveness and leadership in cybersecurity.

Factmata

Factmata

Factmata is an social and news media monitoring and analytics product that uses AI to identify and track narratives online, highlighting those most likely to cause brand harm or misinform the public.

HCS

HCS

HCS is an IT Company and Telecoms provider with an experienced team who are dedicated to ensuring our clients business systems are protected.

Sentryc

Sentryc

Sentryc provides automated monitoring of brands on online marketplaces and social media making online brand protection processes faster, more clearly structured and more efficient.