Security News > 2024 > March > Microsoft: 87% of UK Businesses Are Unprepared for Cyberattacks

According to the report, titled Mission Critical: Unlocking the UK AI Opportunity Through Cybersecurity, cyberattacks currently cost the U.K. an estimated £87 billion each year.

In a foreword to this new report, Microsoft UK CEO Claire Barclay said the U.K. could only meet its AI aspirations if businesses invested in cybersecurity processes and upgraded their security toolkits to match those of bad actors.

Paul Kelly, director of Security Business Group at Microsoft UK, said in the report that the right AI technologies could boost businesses' abilities to detect and mitigate cybersecurity threats by automatically identifying complex patterns and anomalies that human analysts might miss.

Potential financial benefits of AI-enhanced cybersecurity for UK businesses.

Understanding current cybersecurity capabilities is crucial for businesses that want to improve their defences against AI threats.

He added, "To become an AI superpower, the UK must maintain its position as a cybersecurity superpower. With so many organisations shown to be vulnerable to cybercrime, our research surfaces both the urgency of the issue, and useful actions that leaders can take to boost the country's cyber resilience."

News URL

https://www.techrepublic.com/article/microsoft-cyber-attacks-uk-ai/