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Enterprise Security Magazine | Friday, December 02, 2022
Artificial intelligence (AI) and machine learning (ML) are proving effective in strengthening cybersecurity by scaling data analysis volume while increasing response speeds and securing digital transformation projects.
FREMONT, CA: In a threat environment where criminals innovate more quickly than security and IT teams can keep up, CISOs must deal with an influx of malware-free attacks that are getting harder to spot and stop. However, by scaling the data analysis volume, speeding up response times, and protecting ongoing digital transformation initiatives, artificial intelligence (AI) and machine learning (ML) are proving beneficial in enhancing cybersecurity.
AI is very effective at sorting through a lot of data and figuring out what's good and bad. In Microsoft (NASDAQ: MSFT), they process 24 trillion signals across identities, endpoints, devices, collaboration tools, and much more. The corporate vice president for Microsoft security, compliance, identity, and privacy told the audience during her keynote address at the RSA Conference earlier this year that we would be unable to handle this without AI.
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AI Helps Close Skills Gaps, Growing the Market
A breakthrough year for AI and ML in cybersecurity is 2022. Cybersecurity and IT teams using both technologies and smaller teams can improve insights, efficiency, and economies of scale. 93 per cent of IT executives are either already employing AI and ML to boost their cybersecurity tech stacks or are considering doing so. Sixty-four per cent of those IT leaders have incorporated AI for security into at least one of their security life cycle procedures, and 29 per cent are assessing vendors.
According to CISOs, one of the main driving forces for adoption is the requirement to complete more revenue-related initiatives with fewer resources. Additionally, apps and platforms powered by AI and ML assist in addressing the cybersecurity skills gap that puts enterprises at a higher risk of intrusions. 3.4 million more cybersecurity personnel are needed to successfully secure assets, to the (ISC)2 Cybersecurity Workforce Study.
A holistic understanding of their networks, the ability to fine-tune predictive models, and the ability to continue implementing their zero-trust security framework and strategy are all things CISOs need the real-time data insights that AI and ML-based systems deliver.
Consequently, it is anticipated that through 2027, enterprise spending on AI- and ML-based cybersecurity solutions will expand at a 24 per cent compound annual growth rate and reach a market value of USD 46 billion.
AI’s Leading Use Cases in Cybersecurity
Enterprises frequently fail to track up to 40 per cent of their endpoints, which makes the task more difficult because many IT teams are unsure of how many endpoints their internal processes generate annually. Endpoint discovery and asset management is the primary use case, according to 35 per cent of businesses employing AI to bolster their tech stacks. In three years, businesses aim to use endpoint discovery and asset management 15 per cent more, with nearly half of all businesses installing these technologies.
Endpoint recovery and asset management are given top priority, given how negligently maintained digital certificates are in these areas. For instance, 57 per cent of businesses lack a precise inventory of SSH keys, and 40 per cent of businesses manually monitor digital certificates using spreadsheets.
Additional use cases involve cybersecurity expenditures connected to zero-trust activities, such as vulnerability and patch management, access control, and identity access management (IAM). For instance, 34 per cent of businesses currently use AI-based vulnerability and patch management solutions, and in three years, that number is predicted to increase to over 40 per cent.
More than 1,200 of the 11,700+ companies in Crunchbase that are involved in cybersecurity identify AI and ML as important tech stacks, products, and service initiatives. As a result, there are many cybersecurity suppliers to consider, and more than a thousand of them can utilise AL, ML, or both to address security issues.
CISOs turn to AI and ML cybersecurity providers to consolidate their IT stacks. Additionally, given the limited resources available to their businesses, they are looking for AI and ML applications, systems, and platforms that generate quantifiable business value while being implementable. This strategy is helping CISOs achieve immediate success.
The most frequent use cases are transaction-fraud detection, file-based malware detection, process activity analysis, and online domain and reputation evaluation in cybersecurity. AI and Ml systems that can distinguish between attackers and administrators and recognise false positives are what CISOs seek. This is because they are technically possible and operationally efficient while safeguarding threat vectors.
In addition, the following are areas where AI and ML are delivering value to enterprises today: Enhancing behavioural analytics and increasing the reliability of authentication by using AL and ML. A few public cloud providers, such as Amazon AWS, Microsoft Azure, and others, are combining AI techniques and ML models with endpoint protection platforms (EPP), endpoint detection and response (EDR), unified endpoint management (UEM), and other technologies to enhance security personalisation while enforcing least-privileged access. Leading cybersecurity companies are incorporating predictive AI and ML to customise security policies and user roles to each user in real-time based on their habits of where and when they attempt to log in, their device type, their device setup, and a variety of other classes of information.
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