Leaders Fear AI-Driven Phishing Scams as Underreporting Persists
A recent survey reveals a growing concern among leaders about AI-driven phishing scams, with 51% citing it as a top threat, up from 22% in 2024. This increase coincides with the emergence of AI opening up new attack vectors and a rise in the frequency and severity of cyberattacks.
The report also highlights a worrying trend of underreporting. 86% of leaders failed to report multiple breaches, with 71% admitting they might not report a data breach. The two main reasons for not reporting are fear of punitive responses and fear of financial or reputational damage.
Last year, the US company Collins Aerospace, a software provider for airport check-in systems, was a stark example of these concerns. A ransomware cyberattack linked to nation-state-associated threat actors severely disrupted airports in the UK, Ireland, and other locations. This was not an isolated incident; the company had previously been hacked in 2024. Nearly half of cybersecurity leaders have not reported a 'material' data breach to their superiors in the last year, and 71% might not report a data breach.
The fear of being targeted by a nation-state data breach in the next 12 months is high, with 79% of leaders expressing concern. Despite these threats, 68% lack full confidence in repelling AI-driven attacks in real time, indicating a pressing need for improved cybersecurity measures and reporting practices.
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