The Artificial Intelligence Market and Its Impact on ERP Systems
According to data released by Statista, the artificial intelligence (AI) market is projected to close 2024 at a value of $305.9 billion. Furthermore, the AI market is expected to reach $738.8 billion by 2030, with an average annual growth rate of 15.8%. This rapid growth will also impact the ERP field. AI is now shaping the future of ERP systems, enabling employees to conduct advanced data analysis, make predictions, and automate decision-making processes more quickly. With AI-enhanced ERP systems, businesses can optimize their workflows faster, gaining a competitive edge over their rivals.
Risks AI Could Pose in Cybersecurity
While AI has accelerated its development and triggered revolutionary changes across various fields, it also presents new and complex cybersecurity risks. These risks are growing daily, as AI can both enable the creation of new attack methods and increase the potential to bypass defense systems.
Dangers of AI-Powered Cyber Attacks
AI provides attackers with tools to launch more sophisticated and targeted attacks. For instance, attackers can use deep learning and natural language processing techniques to create fake emails that mimic the language and communication style of real individuals. These emails can trick users into clicking malicious links or attachments, leading to the theft of sensitive information. This approach increases the likelihood and impact of traditional phishing attacks.
AI and the Malware Development Process
AI can also be effectively used in the software development process, automating malware development. Attackers can leverage AI technologies to automatically identify vulnerabilities in target systems and rapidly develop suitable malware. Such malware, capable of adapting to the structure and weaknesses of the target system, could employ deceptive methods to bypass defense mechanisms, making it harder for cybersecurity systems to detect and block attacks.
Preparing for AI-Powered Cyber Attacks
To defend against AI-powered cyber attacks, it’s crucial to follow all the necessary precautions that apply to traditional attacks. This includes awareness training, continuous improvement and audit processes, strong authentication and access controls, and encryption of sensitive data.
At the same time, we must remember that AI can also be a powerful tool for countering such attacks. The tools and techniques offered by AI can be employed to detect, prevent, or mitigate the impact of these attacks.
