Companies spend more on securing cloud computing and cyber analytics
High-profile data breaches will lead two-thirds of companies to raise their budgets for cyber security by at least 5 per cent over the next year. Companies are increasingly allocating money to securing cloud computing and towards analytics software that can monitor their networks and detect unusual activity, the EY consultancy found in a survey of 1,400 executives and IT professionals.
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Artificial intelligence is emerging as a useful cyber security tool, but experts are warning companies not to view the technology as a “silver bullet”. Many elements of cyber defence — particularly monitoring large amounts of data — can be better handled by machines than humans.
At the moment AI is fantastic at notifying users they have been compromised after the event, says Jason Hart, chief technology officer of data protection at Gemalto, a digital security company. “What we want it to do is identify when something suspicious happens, apply the appropriate security controls to mitigate the risk, then report back that it has noticed a potential attack, stopped it and protected the data.”
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