Research finds increasing adoption of AI in cyber-security to tackle advanced adversaries. Nearly half (49%) of organizations plan to extend cognitive and AI capabilities for security to detect and respond to attacks faster.
Wipro has released its annual State of Cybersecurity report (SOCR) that presents changing perspectives of cyber-security globally. The report provides fresh insights on how Artificial Intelligence (AI) will be leveraged as part of defender stratagems as more organizations lock horns with sophisticated cyber-attackers and become more resilient.
There has been an increase in R&D with 49% of the worldwide cyber-security related patents filed in the last four years being focussed on AI and Machine Learning (ML) applications. Nearly half the organisations 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.
The report found a number of global macro trends. Nation State attacks are increasingly targeting the private sector. 86% of all nation-state attacks fall under espionage category, and 46% of them are targeted towards private companies. In addition evolving threat patterns have emerged in the Consumer and Retail Sectors: 47% of suspicious social media profiles and domains were detected active in 2019 in these sectors.
Many new cyber trends have been sparked by COVID-19 Global Pandemic. Cyber hygiene has proven difficult during remote work enablement. 70% of the organizations faced challenges in maintaining endpoint cyber hygiene and 57% in mitigating Virtual Private Network (VPN) and Virtual Desktop Infrastructure (VDI) risks. In addition there are emerging post-COVID cyber-security priorities: 87% of the surveyed organizations are keen on implementing zero trust architecture and 87% are planning to scale up secure cloud migration.
From the enterprise point of view the research shows a number of microtrends. For instance there is low confidence in cyber resilience. 59% of the organizations understand their cyber risks but only 23% of them are highly confident about preventing cyber-attacks. However encouragingly there is strong spend on cyber security due to Board Oversight and 14% of organizations have a security budget of more than 12% of their overall IT budgets.
Best practice includes laying the foundation for a cognitive SOC with 49% of organizations are adding cognitive detection capabilities to their SOC to tackle unknown attacks. And because of concerns about OT Infrastructure attacks increasing, 65% of organizations are performing log monitoring of Operation Technology (OT) and Internet of Things (IoT) devices as a control to mitigate increased OT Risks.
From this it is clear that fighting cyber-attacks demands stronger collaboration. Unfortunately only 57% of organizations are willing to share only Indicators of Compromise (IoCs) and 64% consider reputational risks to be a barrier to information sharing.
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. To access the full report, click here.
Main image courtesy of iStockPhoto.com