As the world becomes more digital, cybersecurity risks are rapidly increasing. The pace of digitalization in governments, businesses and wider society is outpacing the ability to defend against new forms of cyber threats.
Recent reports and examples suggest that the rise of generative artificial intelligence (GenAI), a type of artificial intelligence that can create images, video, audio, and text from datasets of previous examples, will increase the likelihood of cyberattacks in 2024. It has been shown that “Generative AI tools like ChatGPT are changing the way people work and introducing unforeseen business risks. Ransomware, deepfakes, and other advanced cybersecurity issues are emerging and evolving at full speed. ” says a recent report from risk management firm RisConnect. “The majority of companies (93%) foresee significant threats related to generative AI. However, only 9 companies say they are prepared to manage generative AI risks.” %is.”
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India is one of the countries most at risk of cyber vulnerabilities posed by the new generation of GenAI technologies. According to Cisco's 2024 Cybersecurity Readiness Index, only 3% of organizations worldwide have a “mature” level of preparedness for modern cybersecurity risks.
In India, only 4% of organizations are 'mature'.
Researchers have discovered that large-scale language models mine vast amounts of text for training.
GenAI can be compromised and compromised. In an era of increasing reliance on GenAI, organizations will need to pay even more attention.
In a recent McKinsey global survey, 40% of respondents said their company plans to increase its overall investment in AI. Nevertheless, few companies appear to be prepared for the widespread use of GenAI and the business risks associated with this technology. As many as 53% of organizations recognize that GenAI can pose a cybersecurity risk, but only 38% are working to mitigate it.
When McKinsey asked about the risks of implementing GenAI, few respondents said their companies were mitigating the most commonly cited risk from GenAI: inaccuracy.
Business leaders and policymakers will need to prepare for a new era of cyber risk created by GenAI. While inaccuracy, bias, and flawed data are important issues in the use of GenAI, the security of its models can be a more serious risk.
Hackers can use GenAI to create malware and infect your system. According to Bain and Company's assessment, “The threat from adversaries will only grow as they use generative AI to standardize and update their tactics, techniques, and procedures.” The dangers include types of malware that self-evolve and create variations that attack specific targets with unique techniques undetectable by existing security measures. Only the most nimble cybersecurity operations will have the upper hand. Masu.”
India has a rapidly growing digital population and is at risk. According to a report by Asian risk firm MitKat Advisory, it has the highest number of reported AI-powered voice frauds. “Concerns about the interconnectedness and autonomy of AI systems make them susceptible to abuse, allowing malicious parties to compromise security, manipulate algorithms, and launch sophisticated cyber-attacks. are on the rise,” the report says.
“Cybersecurity is disruptive and game-changing. Emerging technologies such as GenAI pose heightened security and privacy risks. The proliferation of GenAI tools makes it easier to create and spread disinformation at scale. Most cyber-attacks are machine-driven, so defenses must (must),” said MitKat Advisory co-founder and retired colonel SM Kumar.
Strengthening an organization's ability to combat cyber threats posed by new technologies requires a concerted effort. Most businesses struggle with their existing systems and don't pay enough attention to advanced cyber-attacks. Combating this new age of hacking will require new priorities and tools.
