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Dulling the impact of AI-fueled cyber threats with AI

CIO

Consider 76 percent of IT leaders believe that generative AI (GenAI) will significantly impact their organizations, with 76 percent increasing their budgets to pursue AI. IT leaders are placing faith in AI. But when it comes to cybersecurity, AI has become a double-edged sword.

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IT downtime cuts enterprise profit by 9%, says study

CIO

And while ransomware accounts for a relatively small proportion of that total, enterprises should really be budgeting more for it. The large enterprises surveyed also spent an average of $19 million on ransomware and data extortion payouts — although they only budgeted $13.4 Human errors were also found to take the longest to fix.

Study 179
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Top 5 Security Trends for CIOs

CIO

A second, more pernicious risk is the fact that ChatGPT can write malware. Sometimes the malware has errors, but with simple repetition the hacker can generate multiple working versions of the code. Such polymorphic malware is particularly hard to detect, because it may be different from one attack to another.

Trends 190
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Is Your Browser Ground Zero for Cyberattacks?

Palo Alto Networks

Omdias research found that, despite major budget allocation for point solutions like secure web gateways, mobile device management (MDM) and endpoint protection, security incidents still happen. These findings illuminate a key problem: even if a company has advanced security controls, it is still susceptible to cyberthreats.

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Cybersecurity Snapshot: CISOs See Budgets Tighten, as Cyberthreats Intensify

Tenable

After double-digit growth in the past two years, cybersecurity budgets expanded more modestly in 2023. 1 - Cybersecurity budgets grow, but less than in years past Cybersecurity teams on average saw an increase in their 2023 budgets, but the bump was much smaller than in previous years, as organizations across the board reined in IT spending.

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Coro secures $60M at ~$500M valuation for an all-in, SaaS-based cyber protection platform aimed at SMBs

TechCrunch

“But even if you managed to get the budget for all that and install it, who would chase all the events that these apps will generate?” ” he asked. “So we decided to look at the problem from the ground up.” “When we can see from everywhere, we can react better.

Malware 243
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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

The current budget-constrained environment should be seen as a net positive by marketers,” he writes. “It Meanwhile, Lorenzo dove in to explore how the FBI proved a remote admin tool was actually malware. It will force teams to think deeply about what’s absolutely necessary, which tools will add efficiency (or subtract from it).”

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