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The human element in cyber attacks remains key, despite AI advances

Juniper Research has published a new report, ‘The Future of Cybercrime & Security: Threat Analysis, Impact Assessment & Mitigation Strategies 2019-2024’. The report predicts that the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11 percent. This will primarily be driven by increasing fines for data breaches as regulation tightens, as well as a greater proportion of business lost as enterprises become more dependent on the digital realm.

Cyber crime is becoming increasingly sophisticated and the report anticipates that cyber criminals will use AI which will learn the behaviour of security systems in a similar way to how cyber security firms currently employ the technology to detect abnormal behaviour. The research also highlights that the evolution of deep fakes and other AI-based techniques are also likely to play a part in social media cyber crime in the future.

Despite the advances in AI use, human resources remains the weak link in many organizations. In spite of cyber security becoming increasingly part of corporate culture, it is not necessarily gaining traction with system users. As a result, Juniper Research expects that security awareness training will become an increasingly important part of enterprise cyber security practice. The gains that can be made by increasing human awareness of cyber security can make more efficient use of cyber security spending, which Juniper Research expects to rise by only 8 percent per annum in the forecast period.

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