Cyber security practitioner JD Supra

Earlier this year, the chairman of the UK's National Cyber Management Centre warned that "a major bank will fail as a result of a cyber attack in 2017". Scarily, this does not seem so far-fetched. Indeed, it is predicted that cyber crime costs will reach US$2 trillion by 20191. An increasingly connected world and rapid technological innovation is creating broader and more diverse opportunities for cyber attacks. Use of Artificial Intelligence ('AI') by companies to detect and counter such cyber attacks is becoming increasingly more commonplace.