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Cybersecurity in the Age of GenAI
Blog post by the Baseline Technical Steering Committee
Cybersecurity in the Age of GenAI: Coping with the Exponential Web of Change
In today’s rapidly evolving digital landscape, businesses face a paradoxical challenge: while digital transformation fuels revenue growth, it also exposes them to escalating cyber threats.On the one hand, more than half of the global GDP is driven by digitally transformed organizations by now (IDC, 2020). On the other hand, this digital revolution, while fostering economic growth and innovation, also ushers in an era of unprecedented cybersecurity risks. Cybercrime damages are expected to reach a staggering $10.5 trillion annually by 2025 roughly 10% of the projected global GDP, with a concerning annual growth rate of 15%. The complexity and scale of these threats highlight the inadequacy of traditional cybersecurity approaches and the urgent need for a paradigm shift.
As we embrace the power of Generative AI to transform most aspects of society, its exponential growth and capabilities bring about new risks and challenges.