AI to fight security breaches

  • “Security breaches have increased 67 per cent since 2014 and 11 per cent since 2018.
  • 4.1 billion personal records exposed in a variety of ways: 52 per cent through hacking; 33 per cent via phishing; and 32 per cent through social engineering
  • Information security system spending is expected to reach $131 billion worldwide by the end of the year
  • A recent survey found that the industry needs at least 4 million new cybersecurity personnel to effectively fight digital fraud worldwide on top of the 2.8 million people already employed by the industry. This 4 million figure is a 33 per cent increase”

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