Similar to the way in which it is used in financial services for fraud detection, Artificial Intelligence (AI) can counteract cybercrime by identifying patterns of behavior that signify something out-of-the-ordinary may be taking place.
Ransomware typically involves infecting devices with a virus that locks files away behind unbreakable cryptography and threatens to destroy them unless a ransom is paid, usually in the form of untraceable cryptocurrency.
The number of connected devices – known as the Internet Of Things (IoT) is forecast to reach 18 billion by 2022. One consequence of this is a hugely increased number of potential access points for cybercriminals looking to gain access to secure digital systems.
For years, cybercriminals have acted with the knowledge that understanding – let alone policing – of their activities is weak due to the fast-changing nature of technology.
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