Security and Risk Management
The Edge AI for Cybersecurity market is set to experience exponential growth, surging from USD 30.6 billion in 2024 to USD 643.2 billion by 2034, at a remarkable CAGR of 35.6%. This expansion is fueled by the increasing need for real-time threat detection, data privacy, and localized security solutions in a world rapidly embracing digital transformation.
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1. With only 29% of financial institutions currently using generative AI for financial crime detection, what are the primary barriers to adoption, and how can banks overcome these challenges? The adoption of generative AI in financial crime detection remains limited, largely due to several key challenges. First, there is a natural reluctance within teams, driven...
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Matt McCormick of ThreatQuotient discusses key security risks, seamless integrations, and strategies for improving cybersecurity resilience.
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Nothreat™, a pioneering cybersecurity firm specializing in AI-driven security and IoT protection, has successfully closed its seed funding round at an undisclosed amount, confirming its valuation at £40 million. The investment, led by Algara Group, highlights strong market confidence in Nothreat’s capability to address the rising wave of AI-powered cyber threats and protect interconnected digital infrastructures.
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The cybersecurity landscape continues to evolve with rising cyber threats prompting organizations to significantly increase their investment in security measures. According to a report by SNS Insider, the GCC in Cybersecurity market was valued at USD 10.59 billion in 2023 and is projected to reach USD 30.37 billion by 2032, exhibiting a compound annual growth rate of 12.46%. This growth is fueled by the increasing frequency and sophistication of cyber-attacks, driving the need for Global Capability Centers to protect critical data and infrastructure.
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As cybersecurity breaches continue to lead to substantial financial losses, with the average cost of a breach hitting $4.88 million per incident in 2023, the importance of investing in training is undeniable. INE Security, a leader in cybersecurity training and certifications, is launching advanced training strategies to address growing cyber threats and shape the future of technical training in 2025 and beyond.
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As AI adoption accelerates, the need for robust tools to secure these rapidly evolving technologies has become urgent. To bridge the gap between innovation and implementation in AI cybersecurity, SANS Institute is launching the AI Cybersecurity Hackathon. This month-long event, running from February 15 to March 15, 2025, aims to inspire cybersecurity professionals, ethical hackers, and developers to create open-source tools that address emerging AI security challenges.
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Dream, an AI-driven company focused on cyber resilience, has secured a $100 million Series B investment led by Bain Capital Ventures, bringing its valuation to $1.1 billion. This funding will enable Dream to enhance its product capabilities and expand its global presence. Founded by experts in cybersecurity and government leadership, Dream aims to reshape the way nations and critical infrastructure address complex cybersecurity challenges in the face of sophisticated attacks.
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BestDefense.io, a leader in comprehensive cybersecurity solutions, has announced a strategic partnership with First Biometrics, a pioneer in advanced biometric security systems. This collaboration is set to transform the cybersecurity landscape by delivering state-of-the-art solutions that address today’s most pressing cyber threats, with an emphasis on safeguarding critical infrastructure across industries.
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