World Economic Forum Cybersecurity Insights

Interesting article by the World Economic Forum on how organisations are using GenAI to manage their cybersecurity.

Key Takeaways:

1. Cybersecurity must be a critical consideration when integrating AI into an organisation.

2. One of the impacts we can expect to see of AI on cybersecurity is more efficient cyberthreat detection and risk assessments.

3. As of 2023 there are more than 60,000 AI-focused companies, the impacts of this (both positive and negative) on cybersecurity cannot be underestimated.

4. The estimated cost of global cyber crime stands at $8 trillion, whilst AI does not necessarily expand an organisation's attack surface, it does make the existing surface more vulnerable.

5. There is an opportunity to leverage AI in cybersecurity to bolster operational resilience.

6. Responsible and ethical AI is crucial, AI should support human-led decision-making rather than replace it.