Recent breaches have inflicted massive financial damages, including a $6.3 billion cryptocurrency theft at Binance and over €200 million in lost retail sales at Ahold Delhaize. The grocer suffered additional losses across a dozen European nations after attackers manipulated refrigeration systems to spoil food, a vulnerability researchers replicated in 28 minutes for six dollars. In response to automated threats exploiting programming flaws worldwide, organizations are heavily increasing investments in specialized external protections.
Key points
Global organizations are deploying continuous artificial intelligence systems to identify…: Global organizations are deploying continuous artificial intelligence systems to identify digital threats and deploy patches without human delay.
The global market for outside cybersecurity products and services is projected to expand…: The global market for outside cybersecurity products and services is projected to expand from $223 billion in 2025 to $346 billion by 2029.
Attackers are utilizing cheap artificial intelligence tools to quickly discover and explo…: Attackers are utilizing cheap artificial intelligence tools to quickly discover and exploit physical and digital operational vulnerabilities across multiple industries.
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AMSTERDAM, Nov 5 : From hacked supermarket fridges and a record cryptocurrency theft at Binance to an emergency over flaws in widely used web software, companies worldwide are facing a wave of cyber threats executives say AI is accelerating and making more sophisticated.
The surge is straining IT departments, with staff working overnight to patch software vulnerabilities, prompting some companies to turn to and increase investment in AI-powered security tools to help manage the workload.
A cyberattack on European supermarkets on Monday, the second in three weeks in which hackers raised refrigerator and freezer temperatures, forcing retailers to discard millions of dollars' worth of spoiled food, underscored the urgency.
"It's a never-ending game of cat and mouse, with very high stakes," said Marnie Wilking, chief security officer at travel platform Booking.com.
"We shut down one route, and before we've even finished rolling out the fix, the bad guys have moved on to the next," she said, adding that hundreds of engineers at the company were now building AI-powered defence systems.
Nearly 37,000 security flaws in software or computer systems were…
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