The Democratization of Cyberattacks: How Billions of Unskilled Would-be Hackers Can Now Attack Your Organization
Jun 10, 2024
Cyberattacks are already the most significant operational and financial threat to almost every type of business. Surveys of CISOs consistently reveal phishing attacks, identity security, social engineering, and the resulting data breaches and ransomware attacks are the top concerns. These fears are well founded. Each new day brings fresh headlines of another major breach or successful ransomware attack. The Cybersecurity and Infrastructure Security Agency (CISA), an agency of the DHS reports that 90% of ransomware attacks begin with phishing. Last quarter witnessed the first individual ransomware loss that exceeded a billion dollars of damages, and a leading news media reported nine new major breaches in a single week. What is driving this epidemic and how much worse will it get? The answers are both simple and complex. The simple answer is that this next generation of cyberattacks is being driven by the incredible power and innovation of generative AI, while the ...
