Combatting Cyber Threats With Artificial Intelligence ("AI") - Will The New EU AI Regulation Help?

In 2021 cyber threats have been trending to increased ransomware attacks, commodity malware and heightened Dark Web enablement.  INTERPOL reported that the projected worldwide financial loss to cyber crime for 2021 is $6 trillion, twice as much as in 2015, with damages set to cost the global economy $10.5 trillion annually by 2025. Globally, leading tech experts reported that 60% of intrusions incorporated data extortion, with a 12-day average operational downtime due to ransomware.  

With the acceleration to cloud, companies are taking advantage of cybersecurity in an effort to meet the threat of fast-evolving cyber attacks.  AI and machine learning are a way to keep ahead of criminals, automate threat detection, and respond more effectively than before.  At the same time, more sophisticated, centralised security operations centres are being set up to detect and eliminate vulnerabilities.