If you think hacks are bad now, just wait a few more years because “the machines” are coming.
In the next few years, artificial intelligence (AI), machine learning and advanced software processes will enable cyber attacks to reach an unprecedented new scale, wreaking untold damage on companies, critical systems and individuals. As dramatic as Atlanta’s March 2018 cyber “hijacking” by ransomware was, this was nothing compared to what is coming down the pike once ransomware and other malware can essentially “think” on their own.
This is not a theoretical risk, either. It’s already happening. Recent incidents involving Dunkin Donuts’ DD Perks program, CheapAir and even the security firm CyberReason’s honeypot test showed just a few of the ways automated attacks are emerging “in the wild” and affecting businesses. (A honeypot experiment, according to Wikipedia, is a security mechanism designed to detect, deflect, or, in some manner, counteract attempts at unauthorised use of information systems.)
Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.