#AIEYE: Sector
Snapshot; #AI Technology Applications for Security: (NASDAQ: $FTNT) (CSE: $VSBY.C)
(TSX: $ABT.TO) (TSXV: $AT.V)
Point
Roberts, WA and Delta, BC - March 15, 2019 (Investorideas.com Newswire) Investorideas.com, a global investor
news source covering Artificial Intelligence issues a special sector
snapshot looking at the intersection of AI and Security.
As
security threats grow, AI technology is increasingly leveraged to detect and
prevent risks that human observers may miss. Research from Markets
and Markets,
for instance, projects a growth in AI in the cybersecurity market from $3.92
billion USD in 2017, to $34.81 billion by 2025 at a compound annual growth rate
(CAGR) of 31.38 percent.
Read this in full
at https://www.investorideas.com/news/2019/artificial-intelligence/03152AIEye-Security.asp
Fortinet,
Inc. (NasdaqGS:FTNT), which provides
automated and integrated cyber solutions worldwide utilizes artificial
intelligence and machine learning in their FortiGuard Labs proprietary
Self-Evolving Detection System (SEDS). A description on their website
reads:
“Our artificial
intelligence and machine learning program integrates into Fortinet’s threat
intelligence back end to power all the threat detection capabilities that
FortiGuard services share across the Fortinet Security Fabric. This integration
across Fortinet products, combined with our use of automation and innovation,
helps our customers fight the increasingly aggressive and damaging nature of
cyber crime.”
Fortinet
released its Global
Threat Landscape Report for Q4 of 2018, detailing the need for further AI
adoption in assisting against cyber attacks.
“Just as
cybercriminals employ machines to propagate botnet attacks, organizations also
need to leverage technology advances in the area of AI/ML to combat new,
machine-generated attacks.”
The confluence of AI with security takes a
different form with VSBLTY Groupe Technologies Corp. (CSE:VSBY), a company that
transforms retail and public spaces as well as place-based media networks with
SaaS-based audience measurement and security software that uses artificial
intelligence and machine learning to
“see” persons of interest head on, and understand their sentiment as they look
at digital signage.
Recently,
VSBLTY named two former FBI
special agents, Jeff Muller and Jim DiOrio to its advisory board. Jay Hutton,
Co-Founder & CEO of VSBLTY, said the two had “long experience in strategic
risk assessment consulting for government agencies and companies” and that
their addition to the board will “strengthen our security expertise.”
Other
companies are getting serious about security threats through acquisitions.
Blackberry, for example, recently acquired AI and
cybersecurity company Cylance for $1.4 billion. John Chen, Blackberry’s
executive chairman and CEO, commented on the importance of the development:
“Securing endpoints
and the data that flows between them is absolutely critical in today’s
hyperconnected world. By adding Cylance’s technology to our arsenal of
cybersecurity solutions, we will help enterprises intelligently connect,
protect and build secure endpoints that users can trust.”
Elsewhere,
telecom giant Comcast made a similar
move
in acquiring BluVector Inc., a cybersecurity startup that “uses artificial intelligence
and machine learning to contain threats such as malware, ransomware and
zero-day vulnerabilities.”
Absolute
(TSX:ABT), a company that
develops, markets and supports endpoint management and data security solutions
for endpoint computing devices, appointed security expert
Dr. Nicko van Someren as its new CTO. Van Someren, who has more than two
decades of security background, explained the growth of security threats, and
his company’s response:
“Security has
evolved enormously over the past 20 years, with the rise of nation-state
threats, digital transformation of the enterprise and increasing severity of
data breaches. Absolute is fighting to ensure organizations’ endpoints remain
resilient despite these ever-present security risks.”
AcuityAds
Holdings Inc., (TSXV:AT) which leverages
its proprietary artificial intelligence technology to provide targeted digital
media solutions, revealed its commitment to protection and security in a blog
post
late last year:
“…we pride
ourselves on delivering multiple lines of defence with regards to brand safety,
fraud prevention and age-gating/LDA compliancy to deliver proactive protection
and risk mitigation.”
The
company’s “in-house brand safety” includes defensive layers from threat
detection companies FraudLogix and Peer39 by Sizmek.
So
while security threats advance and amass, whether traditional or cyber, increasingly
sophisticated detection and prevention techniques are being employed using
artificial intelligence technology in a variety of ways to mitigate risks.
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