Skip to main content

Companies depend on automation, AI and machine learning for cyber security

To defend against cyber attacks, 39% of organisations are reliant on automation, 34% on machine learning and 32% on artificial intelligence (AI), according to the Cisco 2018 annual report conducted on 3,600 chief information security officers. It found that over half of all attacks resulted in financial damages of more than $500,000 (£697,000), including, but not limited to, lost revenue, clients, opportunities, and out-of-pocket costs. The study revealed that adversaries are using Malware sophistication
February 23, 2018 Read time: 2 mins

To defend against cyber attacks, 39% of organisations are reliant on automation, 34% on machine learning and 32% on artificial intelligence (AI), according to the 1028 Cisco 2018 annual %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external report Cisco website link false https://www.cisco.com/c/en/us/products/security/security-reports.html false false%> conducted on 3,600 chief information security officers. It found that over half of all attacks resulted in financial damages of more than $500,000 (£697,000), including, but not limited to, lost revenue, clients, opportunities, and out-of-pocket costs.

The study revealed that adversaries are using Malware sophistication to weaponize cloud services, and evade detection through encryption, used as a tool to conceal command-and-control activity. Cisco’s threat researchers observed more than a threefold increase in encrypted network communication used by inspected malware samples over a 12-month period.

Additionally, it showed that supply chain attacks can impact computers for months or  years. It recommends that defenders should be aware of the potential risk of using software or hardware from companies that do not appear to have a responsible security posture.
 
Cisco also found that defenders are implementing a complex mix of products from cross-section vendors for protection, which when combined with the growth breaches, has downstream effects on an organisation’s ability to defend against attacks, such as increased risk of losses. In 2017, security professionals said that 32% of breaches affected more than half of their systems.

The inquiry showed that while use of the cloud is growing, attackers are taking advantage of security teams that are having difficulty defending evolving and expanding cloud environments. 27% of security professionals are using off-premise private clouds; 57% of which said that they host networks there for better data security.

Additional recommendations are available %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external here Cisco newsroom website link false https://newsroom.cisco.com/press-release-content false false%>.
 
Centrify has also conducted a study of 800 UK senior level executives which found that 63% believe that investigation, remediation and legal costs are the most important consequence of a breach, followed by disruption to service (47%) and loss of intellectual property (32%).  A full copy of the report can be found on the %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external website Centrify website link false https://www.centrify.com/resources/ceo-disconnect-weakening-cybersecurity/ false false%>.

For more information on companies in this article

Related Content

  • Webinar: ITS European Congress
    May 22, 2014
    ITS Helsinki has announced a webinar on 4 June to present the congress programme and help visitors plan their trip to the European congress. Eric Sampson, senior congress programme advisor, will present this year’s programme by highlighting some of the most engaging sessions and events of the week, including the opening ceremony, the three plenary sessions and the closing sessions, as well as the eco-driving competition, the White Night and more. Didier Gorteman, director of Congresses, will introduce
  • ITS Asia Pacific Forum 2020: entry reminder
    August 30, 2019
    The ITS Asia Pacific (AP) Forum 2020 is accepting entries on the theme of ‘ITS Innovation Creating Liveable Communities’ until 6 September. The programme committee invites submissions for consideration as either scientific, technical or commercial papers. They are also accepting entries for special interest sessions. Additionally, AP 2020 has opened the Future Leaders Programme to recent graduates under 30 years old, allowing them to develop skills they need for academic and professional careers.
  • Webinar – EV industry for land, sea and air
    March 7, 2014
    Gain an insight into market intelligence for the electric vehicle (EV) industry for land, sea and air with the IDTechEx webinar on Thursday 13 March. This will be a 15 minute overview and demonstration of the IDTechEx Market Intelligence Portal for electric vehicles land, sea and air. There will be time for questions and answers at the end. This webinar will discuss: Market forecasts for electric vehicles; Unique research focus - responding to an emerging trend; and demonstration of the IDTechEx mark
  • Bird acquires California-based EV firm Scoot
    June 19, 2019
    Scooter-share firm Bird is to acquire Scoot, a San Francisco-based electric vehicle (EV) company. Scoot began deploying electric scooters in San Francisco in 2012 and has expanded in Santiago, Chile and Barcelona. Travis VanderZanden, founder and CEO of Bird says the partnership will work toward replacing “car trips with micro mobility options for all”. Scoot will continue to operate under the same name but as a subsidiary of Bird.