Each month, we ask Fuel members to weigh in with their opinions on the Cybersecurity Question of the Month, and we’re sharing their answers here.
Michelle Malcher, security architect and Fuel vice president, shared her perspective on the most recent Cybersecurity Question of the Month.
According to Radware’s 2016-17 Global Application & Network Security report, by 2021 the cost to combat cybercrime will collectively cost organizations roughly $6 trillion. This figure is double the amount reported in 2015 and represents a growing cost of doing business for companies of all sizes.
For many, the ability to build effective countermeasures can be limited by a number of factors—such as having the right resources in place. However, another limitation is also knowing how to effectively separate fact from fiction. Many cyber security "myths" tend to still be prevalent for organizations today.
What are the most common cyber security myths that you have had to combat within your organization and what approaches have worked best?
Michelle: I am not so sure I have seen too many myths, but what I will say is that there is no silver bullet for cyber security.
The majority of exploits that are used are known vulnerabilities with existing patches. So, instead the question becomes: What are we doing to simplify our environments to patch or protect against theses vulnerabilities?
About our contributor:
|Michelle Malcher, is a security architect and Fuel vice president.|
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Topic: To fight a growing cyber threat landscape, some organizations are now exploring the use of artificial intelligence (AI) in their cyber risk management operations. Once a threat is identified, an AI tool automatically responds by taking actions to neutralize it, which provides security teams enough time to catch up. According to a Radware report, 81 percent of executives said they have implemented automated solutions for security, while 57 percent said they trust these AI systems as much or more than human security professionals to protect their organizations.
What role, if any, do you foresee Artificial Intelligence playing in cyber risk management?