It is expected that cyber crime globally will reach $9.5 trillion in 2024 and $10.5 trillion in 2025 (Forbes, Feb 5, 2024). Complicating this cybercrime explosion is the use of artificial intelligence (AI) by cyber adversaries and increasing use of AI systems with increasing amounts of data by organizations. As a result, AI is disrupting cybersecurity prevention, regulatory compliance and security incidents management.

How can companies practically respond to this disruption? With an understanding of AI attack vectors, using AI defense tools, leveraging requirements from established federal and state regulations, frameworks and regulatory guidance to manage these new cyber compliance risks, and reviewing their cyber security insurance application and renewal statements so that they are covered in the event of that AI breach or attack.

How Is AI Being Used by Cyber Criminals?