Nearly Half of All Cyberattacks Result in Damages over $500,000
Hackers are outpacing and adapting their techniques at a faster pace than defenders, and nearly half of all cyberattacks are resulting in financial damages over $500,000, including lost revenue, customers, opportunities and out-of-pocket costs. According to the Cisco 2018 Annual Cybersecurity Report, cybersecurity professionals say they will increasingly leverage and spend more on tools that use AI and machine learning to address the increasing threats.
In the survey, 92 percent of security professionals said behavior analytics tools work well, and two-thirds of respondents in the healthcare sector found these analytics extremely effective to identify malicious actors.