#AIEye: #AI Increasingly Deployed to Mitigate #Security
Threats: (NASDAQ: $FTNT) (CSE: $VSBY.C) (TSX: $ABT.TO) (TSXV: $AT.V)
Point Roberts WA, Delta BC - March 14, 2019
- Investorideas.com,
a global investor news source covering Artificial Intelligence issues a special
edition of The AI Eye looking at the
intersection of AI and Security.
As security threats grow, AI technology is
increasingly leveraged to detect and prevent risks that human observers may
miss. Research from Markets and Markets,
for instance, projects a growth in AI in the cybersecurity market from $3.92
billion USD in 2017, to $34.81 billion by 2025 at a compound annual growth rate
(CAGR) of 31.38 percent.
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/03142AIEye-FTNT-VSBY-ABT-AT.asp
Fortinet, Inc. (NasdaqGS:FTNT), which provides automated and
integrated cyber solutions worldwide utilizes artificial intelligence and
machine learning in their FortiGuard Labs proprietary Self-Evolving Detection
System (SEDS). A description on their website
reads:
“Our
artificial intelligence and machine learning program integrates into Fortinet’s
threat intelligence back end to power all the threat detection capabilities
that FortiGuard services share across the Fortinet Security Fabric. This
integration across Fortinet products, combined with our use of automation and
innovation, helps our customers fight the increasingly aggressive and damaging
nature of cyber crime.”
Fortinet released its Global Threat Landscape Report for Q4 of 2018,
detailing the need for further AI adoption in assisting against cyber attacks.
“Just
as cybercriminals employ machines to propagate botnet attacks, organizations
also need to leverage technology advances in the area of AI/ML to combat new,
machine-generated attacks.”
The
confluence of AI with security takes a different form with VSBLTY Groupe
Technologies Corp. (CSE:VSBY), a company that
transforms retail and public spaces as well as place-based media networks with
SaaS-based audience measurement and security software that uses artificial
intelligence and machine learning to “see” persons of interest head on, and understand their
sentiment as they look at digital signage.
Recently, VSBLTY named two former FBI special
agents, Jeff Muller and Jim DiOrio to its advisory board. Jay Hutton, Co-Founder
& CEO of VSBLTY, said the two had “long experience in strategic risk
assessment consulting for government agencies and companies” and that their
addition to the board will “strengthen our security expertise.”
Other companies are getting serious about
security threats through acquisitions. Blackberry, for example, recently acquired AI and
cybersecurity company Cylance for $1.4 billion. John Chen, Blackberry’s
executive chairman and CEO, commented on the importance of the development:
“Securing
endpoints and the data that flows between them is absolutely critical in
today’s hyperconnected world. By adding Cylance’s technology to our arsenal of
cybersecurity solutions, we will help enterprises intelligently connect,
protect and build secure endpoints that users can trust.”
Elsewhere, telecom giant Comcast made a similar move in acquiring BluVector
Inc., a cybersecurity startup that “uses artificial intelligence and machine
learning to contain threats such as malware, ransomware and zero-day
vulnerabilities.”
Absolute (TSX:ABT),
a company that develops, markets and supports endpoint management and data
security solutions for endpoint computing devices, appointed security expert
Dr. Nicko van Someren as its new CTO. Van Someren, who has more than two
decades of security background, explained the growth of security threats, and
his company’s response:
“Security
has evolved enormously over the past 20 years, with the rise of nation-state
threats, digital transformation of the enterprise and increasing severity of
data breaches. Absolute is fighting to ensure organizations’ endpoints remain
resilient despite these ever-present security risks.”
AcuityAds Holdings Inc., (TSXV:AT) which leverages its
proprietary artificial intelligence technology to provide targeted digital
media solutions, revealed its commitment to protection and security in a blog post late last year:
“…we
pride ourselves on delivering multiple lines of defence with regards to brand
safety, fraud prevention and age-gating/LDA compliancy to deliver proactive
protection and risk mitigation.”
The company’s “in-house brand safety”
includes defensive layers from threat detection companies FraudLogix and Peer39
by Sizmek.
So while security threats advance and
amass, whether traditional or cyber, increasingly sophisticated detection and
prevention techniques are being employed using artificial intelligence technology
in a variety of ways to mitigate risks.
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