cutlip
How effective will AI be for cybersecurity? (Includes interview)
AI can assist with cybersecurity and aiding financial institutions in terms of fraud prevention. Complex algorithms allow computers to solve problems that were previously only solvable by humans, such as detecting unusual fraud patterns or strange spending fluctuations or with questionable invoices. However, it remains that AI for cybersecurity companies need to be careful to not overly rely on it for their security, or they could be setting themselves up for problems. As an example, firms needs to pay attention to proper implementation of the cognitive capabilities of AI to ensure that it can really detect a threat. However, artificial intelligence does not always work and there remains a learning curve, according to Mike Cutlip, who is the Chief Executive Officer at Authoriti.