Using AI to increase cyber resiliency

Cyber-attacks are a big business, as highlighted by recent headlines of ransomware attacks on the Colonial Pipeline and on the Taiwanese computer manufacturer Acer, which allegedly paid a ransom of £50 million. According to Harvard Business Review, the total amount of ransom companies paid to hackers grew by 300% over the period of last 12 months – and high-profile victims of cyberattacks are now forking out millions to survive. It's easy to see why small and medium businesses (SMBs) may feel that cyberattacks are reserved for large enterprises with sky-high revenues – but this assumption comes at a cost. With 49% of SMBs impacted each month by cyber-attacks, it's clear all organisations are targets for cyber criminals. Cyberattacks have evolved in complexity amid the challenges of managing remote or hybrid workforces, meaning it's now crucial that businesses improve their understanding of cybersecurity and invest in strong backup and disaster recovery solutions.