As Artificial Intelligence Accelerates, Cybercrime Innovates
DARKReadimg, Thursday, August 3,2023
Rare government, industry alignment on AI threats means we have an opportunity to make rapid strides to improve cybersecurity and slip the hold cybercriminals have on us.
Cybercrime might be the world's fastest-growing entrepreneurial venture. Over the past decade, no enterprise - licit or other - has flourished quite as ably. If cybercrime were endowed a nation and granted a gross domestic product (GDP), it would rank as the world's third largest economy, behind only the United States and China.
This is no drill or caprice: According to new data from Verizon's "Data Breach Investigations Report," the average cost of a data breach is now $4.24 million, up from $3.86 million in 2021, with ransomware accounting for one out of every four breaches.