The report said organisations are increasingly counting on AI to help cybersecurity analysts, who cannot cope with automated, machine-speed attacks that cannot be neutralised through traditional response systems—43% respondents reported an increase in such attacks. AI-enabled cybersecurity is now an imperative as 56% of executives say their cybersecurity analysts are overwhelmed by the vast array of data points they need to monitor to detect and prevent intrusion, it said.
“Organisations are facing an unparalleled volume and complexity of cyberthreats and have woken up to the importance of AI as the first line of defence. As cybersecurity analysts are overwhelmed, close to a quarter of them declaring they are not able to successfully investigate all identified incidents, it is critical for organisations to increase investment and focus on the business benefits that AI can bring in terms of bolstering their cybersecurity,” Geert van der Linden, cybersecurity business lead at Capgemini Group said.
According to the report, one in five executives said their company experienced a cybersecurity breach in 2018. In 20% of the instances, the loss amounted to more than $50 million. “With the number of end-user devices, networks, and user interfaces growing as a result of advances in the cloud, IoT, 5G and conversational interface technologies, organisations face an urgent need to continually ramp up and improve their cybersecurity,” the report said.