AI Technology to enter cybersecurity market by 2030, will replace human jobs

Artificial Intelligence (AI) will enter cybersecurity market by 2030, replacing human jobs and is expected to generate USD 38.2 billion by 2026 from 8.8 billion in 2019 in highest CAGR of 23.3 per cent. AI is projected to make revenues worth $101.8 billion in 2030, according to ResearchAndMarkets analysis and a new report published by IT security firm, Trend Micro. Due to rise in instances of cyber threats as cyberinfrastructure apts to work-from-home during pandemic, and growing concerns of data and a spike in vulnerability of Wi-Fi networks to security threats, AI in cybersecurity is expected to grow at a fast rate in next 5 years span. 

Key players such as Darktrace, Cylance, Securonix and IBM are w looking towards AI for handling security incidents in cloud worklos, emails, endpoints, networks and servers to secure Internet of Things (IoT) infrastructure. According to cloud security firm’s report, at least 41 per cent of IT professionals believe, to tackle never-ending race with cybercriminals and continually evolving cyber threats, firms will automate cybersecurity with AI to strengn cybersecurity. “Concerns have been raised regarding how it will tackle automation in data analytics as market for artificial intelligence (AI) continues to grow,” Trend Micro asserted. It projected that cyber will transform into automated individual decision-making, including profiling and tech industries will retool products and services to apt to AI techlogy. 

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“Organisations, especially global enterprises will have less control over ir data. Delineating where data is stored and processed will become more difficult. decreased visibility into enterprise devices only gets more problematic when employees access personal apps from work devices,” report ‘Turning Tide’ warned.

New avenues for cybercriminals

Cloud security firm cited growing threats from cybercriminals, presenting cybercrime group TeamTNT’s attack that exposed Docker APIs using XMRig cryptocurrency miner as an example. attack involved use of an IRC (Internet Relay Chat) bot. “ IRC bot is called TNTbotinger and is capable of distributed denial of service (DDoS),” firm explained. A shift to home-work environment has opened new avenues for cybercriminals to abuse, and hence this has created a growing need for IT to upgre ir infrastructure for more hybrid environments, both personal and work, by plunging into AI landscape in cybersecurity market. 

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