With global cybercrime damage projected to reach $10.5 trillion annually by 2025, according to Cybersecurity Ventures, the international tech community is determined to ignite a paradigm shift through reinvigorated determination. This universal attitude was on full display at GITEX GLOBAL as top CISOs, CIOs, and GRC leaders converged with a unified mission: establish the foremost line of defense globally.
GITEX GLOBAL, the world’s largest tech event, took place last week at Dubai World Trade Centre (DWTC) and presented a record-breaking 44th edition in 2024 – welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.
AI and security was a major talking point at GITEX GLOBAL.
Todd Conklin weighed in on the positive impact of AI while acknowledging the potential repercussions of AI’s power when utilized by malicious actors. The Chief AI Officer & Deputy Assistant Secretary, Cybersecurity & Critical Infrastructure Protection at the U.S. Department of the Treasury, said: “The US Treasury runs the largest payments ecosystem in the entire world. We’ve leveraged AI models to reduce fraud by almost $600 million in the last six months. It’s becoming increasingly critical in the counter-fraud space.”
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