As humans are becoming increasingly dependent on technology, we are opening ourselves up to a new and dangerous threat, i.e. cyberattacks.
Whether it is corporate data theft affecting millions of people at one time or an email scam aimed to fetch your bank details, the rise in cyberattacks and their increasing reach has made cybersecurity a grave concern.
So, what could be the possible solution?
Two technologies, namely AI and Blockchain are currently reshaping the current tech-driven landscape to maintain cybersecurity.
- More than 60% of enterprises say they cannot detect breach attempts today by utilizing AI & Blockchain technologies.
- Nearly 50% say their budgets for AI in cybersecurity will give a boost by an average of 29% in Fiscal Year (FY) 2020.
- One of the leading tech companies, Cisco reported that they blocked seven trillion threats on behalf of their customers.
Let’s talk about each of them in detail!
Artificial Intelligence (AI) for Cybersecurity
Artificial Intelligence, undoubtedly, is being adopted across industries for different purposes. Besides improving the efficiency and accuracy of the process to an unprecedented scale, it can significantly enhance the security system to avoid highly sophisticated cyber-attacks. Intelligent security could be the best possible solution to the mushrooming threat of intelligent malware.
How AI can help?
Well, AI could be a major addition to the cybersecurity defense system of a company, as it can learn from the previous and existing, successful, and failed attacks and then arrange its algorithm accordingly. This would ultimately help the user to detect abnormal activity or behavior of a device and tackle the threat well in time.
Also, it can find out the actual problem quite faster and can cross-referencing different sources of security data. When AI could do so much, the pool of human cybersecurity can relentlessly focus more on strategically important processes of the company.
Blockchain for Cybersecurity
Blockchain is another critical solution to cybersecurity challenges for entities full of distributed cloud networks – with limited accessibility, transparency and accountability.
One of the best things about blockchain is that its decentralized nature makes it a highly secure option. It helps to secure the authentication of the source of the transaction through the hash codes. And consequently, there would be no chance of duplicate recording of the same transaction.
For those who don’t know, blockchain platforms harness two types of consensus among all to validate any changes amid asking users to prove ownership. These are as follows;
- Proof of stake (PoS) is a method to achieve distributed consensus.
- Proof of work (PoW) method asks users to repeatedly run hashing algorithms to validate electronic transactions.
Implementing either blockchain or AI platform can significantly help you to prevent from potential cyberattacks.
Both AI and blockchain are aggressively adopting by companies to tackle security breaches. If you want to know more about these technologies, visit http://www.altafuturis.com/ and discover a range of practices we are following to make them a future-proof solution.