Priya PatelTLDR:
- AI-led cyberattacks are changing cybersecurity needs for businesses
- Talent shortage in cybersecurity sector is a major challenge
In a new report by GlobalData, it is highlighted that the cybersecurity sector is in for “a bumpy ride” as AI poses new threats. AI-driven attacks are expected to change the cybersecurity landscape over the next few years. The report predicts that the cybersecurity market will be worth $290bn by 2027, but concerns over AI’s potential for both cybersecurity and cybercrime are impacting the market significantly.
The report also addresses the talent shortage in the cybersecurity sector, with businesses facing challenges in adapting to new threats due to lack of skilled professionals. The International Information System Security Certification Consortium (ISC2) reported a workforce gap of four million in October 2023, indicating a 9% increase from the previous year. Additionally, 59% of cybersecurity teams were reported to be understaffed according to research by the Information Systems Audit and Control Association (ISACA).
AI is causing increasing anxiety in the cybersecurity sector, as it offers cybercriminals the tools to improve phishing emails and launch targeted attacks more efficiently. However, AI also has the potential to positively impact businesses by identifying signals of incoming cyberattacks. Organizations that use AI and automation in their cybersecurity strategies were able to contain breaches faster than those that did not.
As businesses look to adapt to an AI-led security environment, there will be a shift in the roles of cybersecurity professionals. A report by ISC2 revealed that 88% of cybersecurity professionals expect AI to impact their jobs, with many believing it will make their work more efficient and free up time by automating menial tasks.
