Intelligent Fin.tech Issue 26 | Page 18

G A U G I N G T H E M A R K E T

G A U G I N G T H E M A R K E T

One recent Cisco study highlights a significant surge in the use of AI technologies in cybersecurity strategies , with 91 % of companies surveyed in the UAE integrating AI in their security defences . As AI adoption continues to swell in the region , it is imperative that organisations create automated AIbased security controls and response mechanisms to react faster and more accurately to cyberattacks , reducing possible downtime and protecting personal and business-critical data .
2 . Cyber , cyber everywhere
In the region , people are more connected to their phones , apps , and social channels than ever before . This has increased the opportunities for attackers to gain attention and potentially target people for online fraud or abuse . This can have devastating consequences for organisations if proper cyberawareness isn ’ t applied .
The uptick in cybersecurity incidents has coincided with the shift to remote working as criminals seek to take advantage of the increased attack surface available to target . Perimeter security deployed at the office is no longer suited to adequately defend employees in this new environment or with modern interconnected capabilities .
For years , the industry has looked to control Shadow IT devices and systems in the workplace that are connected to networks without permission . Now , it is faced with Shadow AI ( the use of AI systems and tools within an organisation without formal approval or oversight ), which is a growing problem and has real consequences around the confidentiality of our data .
3 . Attacks targeting critical infrastructure – and our homes
When the lights go out or the gas is cut , most people are unlikely to think it ’ s the result of an industrial cybersecurity breach . But this operational technology ( OT ) is an emerging battleground for cyberattacks , with the systems that control and automate
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