By Meeta Ramnani - October 01, 2019 3 Mins Read
While the spend on cybersecurity is increasing, organizations must not immediately trust any vendor that claims to use AI-based Security tools
The spending on cybersecurity solutions is increasing at a rapid pace. According to the report on Global Spending on Cybersecurity by IDC, the spending on security in 2019 is predicted to grow by 10% from 2018. Large organizations account for almost two-thirds. Some experts have also predicted that the total cost of cybercrime can exceed $2 trillion by the end of 2019.
The organizations have to anticipate and block 100% of the cyber-attacks that they encounter, while the cybercriminals need to exploit only the unpatched system or a single misconfigured device to get in.
To win the war against cybercriminals, CISOs need to rethink the security strategy, as well as change the security paradigm. Some tips by experts include:
Unlike automation and ML, AI tries to replicate the analytical processes of human intelligence and enables decision-making at machine speed. It can deliver predictive security notifications as well. Since this technology is a lot more challenging to use, organizations need to be skeptical as they evaluate any vendor that claims to offer AI-based security.
A true AI system needs and artificial neural network (ANN) that is combined with deep-learning models to accelerate data analysis & decision making. It also enables the network to adapt as well as evolve while encountering new information.
Many cybersecurity companies do claim that they have introduced AI capabilities, but most fall short of true AI because due to the underlying infrastructure that is either too small or has incomplete learning models. Many companies also refuse to reveal the methods, which raises concerns about the reliability of their AI-based solutions.
If done right, AI-based security systems can give organizations an advantage over sophisticated cybercriminals.
Meeta Ramnani is the Senior Editor with OnDot Media. She writes about technologies including AI, IoT, Cloud, Big Data, Blockchain across various industries with a focus on Digital Transformation. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries four years of experience in mainstream print media where she worked as a correspondent with The Times Group and Sakal Media Group in Pune.
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