AI-Driven Threats Driving Spending Plans: AXIS

Nearly 82% of executives surveyed by AXIS Capital Holdings Limited said their organizations plan to increase their cybersecurity budgets over the next 12 months, while 75.2% said they are likely to reduce cybersecurity headcount due to greater productivity resulting from investment in AI cybersecurity tools.AXIS surveyed 500 chief executive officers (CEOs) and chief information security officers (CISOs) across the U.S. and UK, revealing striking differences in how executive leaders view the risks and reward ...