A new report from Lloyd’s, Generative AI: Transforming the cyber landscape, is exploring how this technology will affect the cyber risk landscape.
For the purposes of the report, Generative AI, or GenAI, is defined as “deep-learning models that can generate high-quality text, images, and other content based on the data they were trained on.”
Lloyd’s notes that the impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which are expected to grow over the next year or two, followed by a plateauing as security and defensive technologies catch up.
“When considering the threat landscape, we must stay responsive to these rapidly changing technologies, learn from them, and seek to make the most of the efficiencies they bring,” said Dr. Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s. “Generative AI is not the first, and won’t be the last, disruptive technology to impact the cyber threat landscape, so it is critical that business[es] improve their risk mitigation, security and defence technologies, as well as seek appropriate risk transfer today, more than ever before.”
