-+ 0.00%
-+ 0.00%
-+ 0.00%
As AI greatly increases the efficiency of software vulnerability detection, American companies are facing increasing pressure on cybersecurity. Banks, energy and technology companies are increasing security budgets and recruitment, driving rapid growth in demand in the cybersecurity industry. Cybersecurity company Palo Alto Networks pointed out that when Anthropic opened the Mythos model to 12 companies in May of this year, the world reported about 1,500 open source software vulnerabilities in a single month. A month later, these 12 companies alone discovered more than 37,000 vulnerabilities using AI, making it difficult for the company's existing security team to complete the investigation and repair in a timely manner. In response to this change, Bank of America is hiring 1,000 contract workers to fix software bugs, and Goldman Sachs is also expanding investment in AI security. The related expenses may reach or even exceed AI programming tool expenses in the future. At the same time, companies began purchasing AI tools that can monitor and fix security issues around the clock, boosting cybersecurity vendor revenue growth. Palo Alto Networks' revenue growth rate in the last two reporting quarters has exceeded 30%, double the previous one. The company believes that continuously discovering and fixing a large number of vulnerabilities will become the norm in enterprise cybersecurity efforts.
Share
Listen to the news
As AI greatly improves the efficiency of software vulnerability detection, American companies are facing increasing pressure on cybersecurity. Banks, energy and technology companies are increasing security budgets and recruitment, driving rapid growth in demand in the cybersecurity industry. Cybersecurity company Palo Alto Networks pointed out that when Anthropic opened the Mythos model to 12 companies in May of this year, the world reported about 1,500 open source software vulnerabilities in a single month. A month later, these 12 companies alone discovered more than 37,000 vulnerabilities using AI, making it difficult for the company's existing security team to complete the investigation and repair in a timely manner. In response to this change, Bank of America is hiring 1,000 contract workers to fix software bugs, and Goldman Sachs is also expanding investment in AI security. The related expenses may reach or even exceed AI programming tool expenses in the future. At the same time, companies began purchasing AI tools that can monitor and fix security issues around the clock, boosting cybersecurity vendor revenue growth. Palo Alto Networks' revenue growth rate in the last two reporting quarters has exceeded 30%, double the previous one. The company believes that continuously discovering and fixing a large number of vulnerabilities will become the norm in enterprise cybersecurity efforts.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending