Morgan Stanley: AI presents $30 billion opportunity in cybersecurity market

Artificial intelligence (AI) could help unlock more than $30 billion worth of cash for the cybersecurity market amid rising cybersecurity threats and severe manpower shortages, Morgan Stanley said on June 28. opportunity, Crowdstrike, Microsoft and Palo Alto Networks are expected to be major beneficiaries. Analysts led by Hamza Fodderwala said in a report that in addition to rising threats and labor shortages, generative AI is being used to create and mutate malware at an unprecedented rate, which "significantly increases the The need for security organizations to invest in automation".

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