It’s AI vs AI in the world of cyber crime

The recent cyberattack on Jaguar Land Rover crippled the output of the car maker. It is estimated that this could have caused an economic loss of about $2.5 billion to the UK.

- KRANTI NATION PRANJAL SHARMA

“This incident appears to be the most economically damaging cyber event to hit the ‘UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers,” said a report by Cyber Monitoring Centre, an independent, not-for-profit organisation.

The impact of cyberattack is not limited to enterprises, but it affects an entire industrial ecosystem — including the vendors and suppliers.

‘The six-week shutdown of manufacturing impacted not just the sales of Jaguars, but also left a cascading impact on the economy.

Always a threat, cyberattacks are becoming increasingly sophisticated. Every tool that has been used to combat cyber threats is also being weaponised.

“The rapid adoption of emerging technologies is contributing to new vulnerabilities as cybercriminals harness them effectively to achieve greater sophistication and scale,” says the ‘Global Cybersecurity Outlook’ report of World Economic Forum.

ENTERPRISES AND GOVERNMENT AGENCIES WILL HAVE TO CONSTANTLY EQUIP THEMSELVES WITH NEWER TOOLS TO COUNTER THREATS