50% of respondents believe AI will enable hackers to launch more attacks
Highlights:
- New research from Barracuda shows that 50% of respondents believe AI will enable hackers to launch more attacks.
- Of those surveyed, the average annual cost to respond to compromises was $5.34 million.
- The survey also identified 71% of respondents had experienced a ransomware attack over the last year, and 61% paid the ransom.
CAMPBELL, Calif.: Barracuda Networks, Inc. has published its Cybernomics 101 report, which examines the financial forces and profit motives behind cyberattacks. The new report reveals the average annual cost of responding to compromises exceeded $5 million. The report also raises the alarm over hackers exploring how they can use generative AI (GenAI) technology to increase the volume, sophistication, and effectiveness of their attacks. 50% of respondents believe AI will enable hackers to launch more attacks. The survey also identified that 71% of respondents had experienced a ransomware attack over the last year, and 61% paid the ransom.
- THE EDITORIAL TEAM
- Cyber Security & e-Crime
- Posted On