Indian firms must avoid complacency as cyber incidents mount: Experts
New Delhi, Feb 25 (IANS) – Experts are warning Indian organisations to avoid complacency in the face of cyber threats as cybercriminals are increasingly exploiting new technologies like artificial intelligence (AI) to evade detection. In a recent report, it was highlighted that the average annual cost of responding to compromises exceeded $5 million.
According to cybersecurity researchers, cybercriminals are leveraging AI to make their attacks more sophisticated and effective, raising concerns about the potential damage they can cause. Dr Sanjay Katkar, Joint Managing Director of Quick Heal Technologies, emphasized that while AI offers defensive capabilities, it can also be used as a weapon by attackers.
In 2023, Seqrite Labs analysed approximately 400 million malware detections from over 8.5 million endpoint installations in India, revealing the magnitude of cyber threats faced by organizations. The report also pointed out the growing trend of hackers using generative AI (GenAI) to enhance the impact of their attacks.
To combat AI-driven cyber threats, experts recommend deploying AI-based defenses that can adapt to evolving threat patterns. Raj Sivaraju, President of APAC at Arete, stressed the importance of implementing ethical frameworks for AI development and enhancing cybersecurity measures through regular software updates and user training.
By prioritizing initiatives like expanded training, security partnerships, automation, and zero trust principles, experts believe that organizations can strengthen their defensive strategies against cyber threats. Through collaboration and strategic technology investments, cyber defenders can effectively mitigate risks and ensure a more secure digital future.