Report: Increasing Adoption of AI in Cybersecurity

Published On: December 14, 2020Categories: Buzz, Uncategorized

Wipro Ltd., an India-based IT consulting and business process services company, has released its annual State of Cybersecurity Report that presents changing perspectives within the industry.

The report predicts that artificial intelligence (AI) will be more heavily leveraged as more organizations endure sophisticated cyberattacks and face the need to become more resilient. The report says there has been an increase in R&D with 49% of the worldwide cybersecurity related patents filed in the last four years being focused on AI and Machine Learning (ML) applications. Nearly half the organizations are expanding cognitive detection capabilities to tackle unknown attacks in their Security Operations Center (SOC).

The report also illustrates a paradigm shift towards cyber resilience amid the rise in global remote work. It considers the impact of COVID-19 pandemic on cybersecurity landscape around the globe and provides a path for organizations to adapt with this new normal. More than 85% of the surveyed organizations are keen on implementing zero trust architecture and 87% are planning to scale up secure cloud migration.

“There is a significant shift in global trends like rapid innovation to mitigate evolving threats, strict data privacy regulations and rising concern about breaches,” said Wipro president and chief operating officer B.M. Bhanumurthy.  “Our research not only focuses on what happened during the pandemic but also provides foresight toward future cyber strategies in a post-COVID world”.

Nearly 60% of the organizations understand their cyber risks but only 23% of them are highly confident about their ability to prevent cyberattacks. Approximately 15% of the responding organizations have a security budget of more than 12% of their overall IT budgets.

86% of consumer businesses said email phishing is a top risk and 75% enterprises said a bad cyber event will lead to damaged band reputation in the marketplace.

The fourth edition of the SOCR saw a global participation of 194 organizations and 21 partner academic, institutional and technology organizations over four months of research.

Channel Impact®
Multiple sources, including this one, demonstrate a growing emphasis on cognitive and AI capabilities in the security space.

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