Companies Turning To AI For Cybersecurity
November 10, 2017
Identity and payment card thefts account for more than half of all cybercrimes, and AI-based solutions are thought to be the most promising ways to combat them. The ability of AI to detect threats, and distinguish attacks that require immediate attention is improving at the same time that a network in which business interacts with multiple systems across the globe is increasing cybersecurity risk. Nevertheless, lack of trust in technology is preventing the even faster adoption of AI-based tools. The global artificial intelligence in cybersecurity market is expected to reach $18.2 billion by 2023. Machine learning is gaining traction in the AI-based cyber security market, and its roughly 1/3 revenue share is mainly attributed to a better threat-learning algorithm. Major players in the artificial intelligence in cybersecurity industry are BAE Systems, RSA Security, FireEye, Check Point Software Technologies, Cisco Systems and Juniper Networks.
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