Artificial intelligence (AI) is playing a crucial role in the battle against increasingly sophisticated ransomware attacks, according to George Kurtz, the CEO of CrowdStrike. In an interview with CNBC’s Jim Cramer, Kurtz emphasized the importance of using AI technology to […]
Artificial intelligence (AI) is playing a crucial role in the battle against increasingly sophisticated ransomware attacks, according to George Kurtz, the CEO of CrowdStrike. In an interview with CNBC’s Jim Cramer, Kurtz emphasized the importance of using AI technology to identify and combat these types of cyber threats.
“We can now identify these types of ransomware that we haven’t seen before. It’s different from the signature-based technology that is currently available,” Kurtz said. He also pointed out that the average ransomware payment has doubled in the past month, reaching an alarming $8.5 million per incident.
While AI is proving to be an invaluable tool for companies like CrowdStrike, cyber criminals are also leveraging its power through “dark” AI, such as FraudGPT. This new technology allows attackers to target organizations without requiring extensive knowledge within their group, Kurtz explained.
In addition to AI, Kurtz emphasized the importance of identity verification as a measure to prevent cyber crime. He highlighted that the greatest weakness lies between the keyboard and chair, referring to individuals themselves. The technology utilized by CrowdStrike poses an additional challenge for adversaries, even if their credentials have already been compromised, giving defenders more time to stop them.
Publicly traded companies have been revisiting their cybersecurity measures since the Securities and Exchange Commission (SEC) implemented new regulations requiring the disclosure of cyber attacks within four days. Kurtz stated that this has created more business opportunities for CrowdStrike.
“These are factors that favor our business, and something that every publicly traded company will have to face,” Kurtz said.