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🚨 #Cyberattacks are becoming increasingly common, and #GenAI has become a key capability both for hackers and defenders. One example of this is the 76% increase in ransomware attacks since the launch of ChatGPT, according to Accenture. Attackers are also using GenAI to improve their phishing attempts and the deepfake generation. Defenders, on the other hand, can use Generative AI in malware analysis to identify common patterns and characteristics. That’s just the tip of the iceberg. And something that we’ll continue to see in the upcoming years. Against this backdrop, companies will demand greater protection through insurance with suitable coverage and services aimed at preventing, detecting, responding to, and recovering systems after #cyberattacks. In addition, individuals will have a growing demand for security-oriented products and services, covering all family members. We, as a society, and the insurance industry, need to be prepared. Read how: 👉  https://lnkd.in/g9JUb6Af 

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