Summary

  • Poor cybersecurity practices at private companies represent a greater risk to critical national infrastructure than direct attacks, with 84% of businesses surveyed earning a D grade or worse for their cybersecurity practices.
  • The finance and insurance sectors were highlighted as an example, with nearly 40% of companies surveyed earning a D or failing grade.
  • Mismatched expectations between businesses’ use of AI in cybersecurity and their preparedness for potential threats from AI-powered cyber attacks are also highlighted, with two-thirds of companies expecting AI to shape cybersecurity this year, but only 37% having the processes in place to check their AI tools are secure.
  • The Colonial Pipeline attack disrupted energy supplies and exposed vulnerabilities in critical industries, and rising geopolitical tensions, especially with China, are amplifying these risks.
  • The article concludes that collaboration between private businesses and government agencies is crucial to improving cybersecurity and strengthening digital defences.

By Vincentas Baubonis, Cybernews

Original Article