Cyberattacks are among the biggest risks for a modern organization of any size. Our research has identified an 8% increase in weekly cyberattacks worldwide in the first half of 2023 alone. Their impact can range from ransom payments to cessation of services in important sectors of the economy, and even disruption to essential services, as we saw with the Colonial Pipeline breach.

Threat actors quickly adopt new technologies to exploit their targets more effectively—including and especially artificial intelligence. In 2021, when the Colonial Pipeline attack occurred, cybersecurity incidents resulted in a successful breach 18% of the time, according to the Verizon Data Breach Investigations Report. Since then, the success rate has escalated to more than 30%. As threat actors use AI to make themselves more effective, it’s essential that organizations everywhere evolve in tandem not just to respond to these threats, but to prevent them.