Global experts have warned that cybercrime is expected to cost the world economy $10 trillion by the year 2025, with artificial intelligence (AI) and cybersecurity posing significant challenges for governments and organizations worldwide.

According to a report by Al Arabiya English, the rise of AI technology is opening up new avenues for cybercriminals to exploit vulnerabilities and launch sophisticated attacks on individuals and businesses.

Experts from various disciplines, including AI, cybersecurity, and law enforcement, gathered at a recent conference to discuss the growing threat of cybercrime and how to address the challenges posed by advancements in technology.

One of the key issues raised at the conference was the need for greater collaboration between governments, businesses, and the cybersecurity industry to develop robust defenses against cyber threats.

“AI has the potential to revolutionize industries and improve our quality of life, but it also presents new risks in terms of cybersecurity,” said one expert at the conference. “We must work together to stay one step ahead of cybercriminals and protect our digital infrastructure.”

Cybercriminals are increasingly using AI algorithms to carry out attacks, allowing them to automate tasks and evade detection by traditional security measures. This has made it more challenging for cybersecurity professionals to identify and respond to threats in real-time.

In addition to the rise of AI-powered cyberattacks, experts also highlighted the importance of addressing the human factor in cybersecurity. Many cyber incidents are the result of human error, such as clicking on malicious links or falling victim to phishing scams.

To combat these threats, experts emphasized the need for greater awareness and education around cybersecurity best practices, as well as the implementation of stronger authentication measures and encryption protocols to safeguard sensitive data.

Despite the challenges posed by cybercrime, experts expressed optimism about the potential of AI technology to enhance cybersecurity defenses. AI can be used to analyze vast amounts of data and identify patterns of behavior that may indicate a potential threat, allowing organizations to respond more effectively to security incidents.

Overall, the conference served as a reminder of the urgent need for governments, businesses, and individuals to prioritize cybersecurity and invest in technologies that can help defend against the growing threat of cybercrime. By working together and staying vigilant, it is possible to mitigate the risks posed by cybercriminals and protect critical infrastructure from malicious attacks.

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