A new report by cybersecurity firm CyberArk has revealed that AI-powered malware is becoming a growing security concern. The report, conducted by market research firm Vanson Bourne and commissioned by CyberArk, surveyed 2,300 cybersecurity professionals across 16 countries. They found that challenging economic conditions and rapid technological innovation, including the rise of artificial intelligence (AI), pose a significant expansion of the identity-led cybersecurity threat landscape. The study showed that 93% of security professionals surveyed expect AI-enabled threats to impact their organization in 2023, with AI-powered malware being cited as the top concern.
The report also highlighted that nearly all organizations (99.9%) anticipate an identity-related compromise this year, with factors such as economic cutbacks, geopolitical issues, cloud adoption and hybrid working contributing. As businesses continue to invest in digital and cloud initiatives to unlock efficiencies and drive innovation, cybersecurity is at an increased risk. The report revealed that organizations plan to deploy 68% more Software as a Service (SaaS) tools in the next 12 months, which have become gateways for attacks.
The report demonstrated that 89% of organizations experienced ransomware attacks in the past year, and 60% of affected organizations reported multiple payments to recover from these attacks. The energy, oil, and gas sector appear to be particularly vulnerable, with 67% of companies in this industry expecting they would not be able to stop or even detect an attack stemming from their software supply chain.
Critical areas of the IT environment are inadequately protected, and certain identity types represent significant risk. For example, 63% of respondents said that the highest-sensitivity employee access is not adequately secured. The report also found that 68% of organizations expect cybersecurity issues driven by employee churn in 2023.
As the rapid adoption of technology continues to permeate every aspect of business, it is vital for companies to be aware of the evolving cybersecurity threat landscape and take the necessary steps to mitigate risks.
Frequently Asked Questions (FAQs) Related to the Above News
What is AI-powered malware and why is it a growing security concern?
AI-powered malware is a type of cyber threat that uses artificial intelligence to evade detection and carry out attacks. It is a growing security concern because it has the ability to adapt and evolve in real-time, making it difficult for traditional cybersecurity measures to keep up.
What did the CyberArk survey reveal about the impact of AI-enabled threats on organizations?
According to the CyberArk survey, 93% of security professionals expect AI-enabled threats to impact their organization in 2023. AI-powered malware was cited as the top concern.
Why do organizations anticipate an identity-related compromise this year?
Factors such as economic cutbacks, geopolitical issues, cloud adoption, and hybrid working are contributing to the increased risk of identity-related compromises. As businesses continue to invest in digital and cloud initiatives, cybersecurity risks are also increasing.
What did the CyberArk survey reveal about the use of SaaS tools by organizations?
The CyberArk survey showed that organizations plan to deploy 68% more Software as a Service (SaaS) tools in the next 12 months, which have become gateways for attacks.
What sectors appear to be particularly vulnerable to cyber attacks?
The energy, oil, and gas sector appear to be particularly vulnerable, with 67% of companies in this industry expecting they would not be able to stop or even detect an attack stemming from their software supply chain.
What critical areas of the IT environment are inadequately protected according to the CyberArk survey?
The CyberArk survey revealed that certain identity types represent significant risk, with 63% of respondents saying that the highest-sensitivity employee access is not adequately secured.
What do organizations expect in terms of cybersecurity issues driven by employee churn in 2023?
The CyberArk survey found that 68% of organizations expect cybersecurity issues driven by employee churn in 2023. This could include insider threats, unauthorized access, and data theft.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
