Published on May 13, 2024, 7:58 am

Generative AI, a technology gaining momentum in the cybersecurity realm, is proving to be a double-edged sword according to recent surveys by security experts. The rise of cyberattacks has been exponential over the years, with a 26% average annual increase reported until 2023. Moody’s Investors Service, citing University of Maryland data, highlighted that this figure might just scratch the surface as many cyber incidents go unreported.

As organizations face escalating cybersecurity threats, generative AI is predicted to tilt the advantage towards attackers in the short-to-medium term. Streetman from Moody’s emphasized that the effectiveness of this technology in either benefiting defenders or wrongdoers heavily relies on an organization’s cybersecurity strategy. Basic controls like asset inventories and account management are key elements that can offer significant benefits by outmaneuvering adversaries who often stick to conventional techniques.

A survey conducted by Splunk revealed conflicting opinions among respondents regarding generative AI’s impact. While 45% believed it favored wrongdoers, 43% stated it gives defenders an upper hand. Streetman stressed the importance of collaboration across different business departments as a crucial defense strategy, pointing out that integrating secure-by-design practices is increasingly common among security teams that collaborate with software engineering units.

Generative AI offers organizations new horizons for enhancing efficiencies, boosting productivity, and mitigating employee burnout risks according to Streetman. The technology streamlines processes, aids in data mining, and facilitates the identification and analysis of cybersecurity risks. Notably, around half of survey participants affirmed that generative AI enabled them to detect disruptive incidents within two weeks compared to previous figures from last year.

Despite its potential benefits, Streetman cautioned against solely relying on AI tools without human intervention when combating threats. Human decision-making remains paramount when deploying generative AI solutions for enhanced cybersecurity measures. Splunk’s extensive survey encompassed security executives across various countries including the U.S., Japan, and several European nations.

The landscape of IT spending is also witnessing transformative trends as major players like IBM, Cisco, and SAP are strategically acquiring entities to consolidate their market presence. Generative AI evolution is being closely monitored by executives who aim to balance IT expenditures while ensuring tech talent gaps are filled adequately. Executives are urged to stay abreast of industry developments through platforms like CIO Dive offering insights into top news stories and analyses delivered directly to industry professionals’ inboxes regularly.

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