Research Triangle Park – Thursday morning at CED’s Venture Connect kicked off with a Cyber/Secure Tech session. Cybersecurity is a booming market, with over $300 billion spent annually. However, there are many jobs in the industry and managing security issues remains a challenge for many companies.
AI to support security and reduce “alert fatigue”
According to Trevor Gingras, co-founder and COO of Salem Cyber, 90% of security alerts are not investigated. Although the detection process is automated, analyzing alerts is still largely a manual and often time-consuming process.
“There is an asymmetrical relationship between automated discovery and manual analysis,” Gingras said on his pitch. “This creates a huge disparity between the volume of alerts and the team’s ability to actually investigate them.”
Salem Cyber wants to solve this problem by bringing AI into the analytics process. The tool considers the context and investigates the alerts, handing the most relevant and critical threats to humans for further investigation.
Gingras was clear that the tool was intended to support staff and combat burnout and turnover due to “alert fatigue.” AI may take jobsbut has yet to take over the cybersecurity industry.
“To be clear, our goal is to augment human analysts, not replace them,” Gingras said.
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Risk Intelligence Insights
Jon Sternstein, Founder and CEO of Stern Security, also believes there is room for better automation in the cyber market.
Sternstein founded Stern Security eight years ago. As he and his team work with clients, they find that despite all the technology out there, threat research is still done in spreadsheets. When Sternstein began looking for tools to quickly and accurately assess risk, he realized there was a hole in the market and Velocity was born.
“If you can’t accurately measure risk, any type of intelligence you build on top of it is utterly pointless,” says Sternstein.
Velocity explores security data to better assess risk from both internal and third-party sources. The tool then provides actionable data on how best to spend your company’s available security dollars.
Velocity has a subscription service and a freemium option for small businesses and early testing.