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Are Global Companies Equipped to Tackle Emerging AI-Driven Cyber Threats? New Study Reveals Insights

TL;DR

  • Despite acknowledging the rising prominence of AI-augmented cyber threats, global companies are ill-prepared to defend against them, according to a recent Darktrace study.
  • The study highlights a significant gap between awareness and readiness among IT and security teams, with 60% admitting inadequacy in defending against AI-boosted attacks.
  • Cybercriminals are leveraging AI tools to escalate the volume and sophistication of phishing attacks, emphasizing the need for organizations to bolster cybersecurity measures.

In a groundbreaking revelation, a recent study conducted by cybersecurity firm Darktrace exposes the vulnerability of global corporations to AI-enhanced cyber threats. Despite the heightened awareness surrounding the evolving cyber landscape and the looming specter of AI-augmented attacks, a staggering majority of IT and security teams remain ill-prepared to fend off these sophisticated assaults.

Darktrace study – Unveiling trends in AI-augmented cyber threats

New research from Darktrace underscores the growing threat posed by AI-augmented cyber attacks, shedding light on the concerning gap between awareness and preparedness among global companies. The study, based on a comprehensive survey of 1,773 IT professionals and an in-depth analysis of customer data, reveals a stark reality: while 89% of respondents anticipate significant impacts from AI-boosted threats within the next two years, 60% confess their current inadequacy in defending against such attacks.

Amidst this alarming scenario, specific attack vectors are gaining traction among cybercriminals, as highlighted by Darktrace’s findings. Phishing attacks, in particular, have witnessed a substantial surge, with a 14% increase in phishing emails recorded in December 2023 alone. Also, the prevalence of sophisticated social engineering tactics, characterized by advanced language and punctuation usage, has risen by 35% during the same period. These statistics point to a concerning trend fueled by the proliferation of generative AI tools, such as the widely adopted ChatGPT, which empower attackers to craft more convincing and targeted phishing campaigns.

The Evolution of AI-driven cyber threats

Of particular concern to IT security teams is the escalating volume and sophistication of malware attacks, notably through phishing emails exploiting known software vulnerabilities. According to survey respondents, both malware attacks and the potential leakage of sensitive data due to employee use of generative AI tools rank high on the risk scale, scoring 3.84 out of 5. This underscores the pressing need for organizations to fortify their defenses against evolving cyber threats.

The rise of as-a-service attacks further compounds the challenge, with Darktrace’s threat report from January revealing their dominance in the cybercrime landscape. These attacks offer cybercriminals a comprehensive suite of tools, ranging from pre-built malware to phishing email templates and payment processing systems, enabling them to execute sophisticated campaigns with ease.

As the cybersecurity landscape continues to evolve at a rapid pace, fueled by geopolitical tensions and the widespread availability of generative AI tools, organizations face an uphill battle in safeguarding their digital assets. Darktrace’s latest findings serve as a wake-up call, highlighting the imperative for businesses to adapt and fortify their cybersecurity strategies to counter the growing threat posed by AI-enhanced cyber attacks. In the face of this evolving menace, the question remains: are global corporations ready to confront the next wave of advanced cyber threats head-on?

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Aamir Sheikh

Amir is a media, marketing and content professional working in the digital industry. A veteran in content production Amir is now an enthusiastic cryptocurrency proponent, analyst and writer.

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