By threat-proofing capital markets organizations, artificial intelligence will likely be at the forefront of the next wave of cybersecurity tools.
FREMONT, CA: Advances in modern technology have made capital markets cyber attack more sophisticated. In turn, the development of protective mechanisms and innovative approaches to cybersecurity is also evolving. Capital markets are among the most attractive targets for various types of cybercrime. AI is helping to prevent this growth of cybercrime in the financial sphere.
Modern AI can work with any amount of data, recognize the voice and visual objects, help consumers, and draw conclusions, and even develop business strategies. The most crucial prerequisite regarding the benefits of AI for dealing with financial crime is that AI-based algorithms must be built on a matrix that prevents the entire system from malfunctioning. Blockchain, combined with AI is a strict registry.
As the threat landscape is becoming more complex, the role of AI in cybersecurity will increase to help the organization to keep up with cyber criminal's sophisticated tactics. AI can be used to automatically generate behavioral lists of regular activity to help identify suspicious behavior patterns and alert on potential threats and breaches. Also, malware can invade and spread through a firm quickly, exposing data and weakening security faster. AI will become essential as the human eyes cannot spot sophisticated attacks, and by ensuring these threats are flagged as soon as detected.
However, AI represents the future of cyber defense, and capital firms need to be aware that it is not a silver bullet. AI-based cyber protection needs a fusion of advanced, security-focused intelligent analytics involving machine learning, centralized data analytics, and intelligent reporting.
The current trend shows that AI will be pushed even further to the foreground of cybersecurity. It is becoming invaluable for organizations those who not only looking to protect their data and create a more efficient business but for that need to remain compliant in the age of stricter regulations.
See Also: The Cybersecurity Review