From big players to small and midsize businesses, every organization has faced the impact of cyber threats at some point. But, the new generation of automated cyber attacks will affect multiple businesses to an unimaginable extent.
With the onset of the digital age, going online became a necessity for every business. Most business processes, data storage, and data exchange are now handled digitally. Data has become such a significant asset that companies have started monetizing their data. Just like businesses, hackers also realized the potential of acquiring such critical data. Hence, cyber attackers have been utilizing different techniques such as brute-force attacks and malware to gain access to various networks and computers. Cyber attacks are so commonplace now that every 39 seconds, hackers attack a computer in the US. Cybersecurity experts are constantly trying to create prevention and mitigation strategies for several existing cyber threats and to discover new security loopholes to stay ahead of cyber attackers.
To improve security standards, they are also leveraging machine learning and artificial intelligence to identify new malware and detect malicious behavior in company networks. The advent of modern technologies such as IoT is exponentially increasing the number of connected devices to the extent that there will be around 200 billion connected devices by 2020. Hence, cybersecurity professionals are adapting their systems to secure the increasing number of connected devices. However, just like cybersecurity experts, cyber attackers too are working on their techniques and knowledge. Hackers can now utilize artificial intelligence and machine learning to trigger automated cyber attacks that can easily compromise secure systems without any human intervention. Such automated cyber attacks pose an unprecedented level of cyber threat for organizations.