The Cost of Cyber Attacks

The Cost of Cyber Attacks

This week I read an article on SecurityMagazine.com that claimed that the average cost of a cyber attack has now exceeded $1 million dollars. While this an extraordinary amount of money (which could be VERY detrimental or even fatal to many businesses, with only the possible exception to only some of the largest companies out there). While this once again stresses the importance of cybersecurity. And shows us how once again, the threat has grown. I also find it very surprising what kind of reaction that some businesses are having as a result of these kinds of threats. I’m not against our great American companies and organizations, but I also understand that cybersecurity also has an uphill battle with business executives because put simply, it is hard to find a positive return on investment for most cybersecurity solutions. The chances of an attack largely weigh on chance. The chance that an attack will be made on the company, one that will end in a lost for the company. It is hard to find the use of something if you might not use it in the foreseeable future. And this is something that I’ve come to accept. With this thought in mind, I find it very surprising to see numbers like “80% of surveyed businesses indicated they explored machine-learning (ML) and artificial intelligence (AI) [cybersecurity] solutions.” (https://www.securitymagazine.com/articles/89734-average-cost-of-cyberattack-now-exceeds-1-million)A few mouths ago a YouTube video that I saw opened my eyes to the possibility of using ML and AI technology to find cybersecurity threats. And that my friends, is a game changer!

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