Cisco Says Most Cyber Attacks Cost More Than $500,000
Companies are increasingly relying on artificial intelligence and automated security systems, as the majority of cybersecurity attacks result in more than $500,000 in damages, Cisco reported Wednesday. Cisco surveyed 3,600 chief information security officers, and found more than half reported…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
cybersecurity attacks that cost organizations more than $500,000 in damages. Thirty-nine percent of respondents rely on automation, 34 percent on machine learning, and 32 percent are “highly reliant” on AI. The extent of system breaches expanded, with respondents claiming 32 percent of breaches affected more than half their systems. That compares with 15 percent reported for 2016.