It’s coming up on two years since we visited The World’s Most Elite Cybercrime Fighting Unit in Moscow to learn about just how financially motivated hackers are. More than 90% of all cybercrimes in the world now involve money theft, something America’s energy industry and dead cow industry have come face to face with. Along with an increase in cybercrime comes an increased interest in cybersecurity stocks. Today, we’re going to look at two new entrants to the burgeoning cybersecurity industry – SentinelOne and Darktrace (DARK.L) – both of which use artificial intelligence (AI) as a competitive advantage.
Why AI in Cybersecurity?
Understanding the world of cybersecurity is a challenge for those who work full-time doing nothing but. Still, anyone who remembers those incessant prompts by Norton to “update your antivirus software” can quickly understand the value proposition AI brings to the table. Back in the olden days, viruses were recognized by pre-defined patterns. If you didn’t have the most up-to-date list of patterns, your machine wouldn’t recognize when the bad man came a-knockin’. Today, it’s all about recognizing problems immediately as they’re first being manifested. This is often referred to as handling a “zero-day attack.”