Photo: The Economic Times Tech
Global Companies Ramp Up AI Defenses Amid Surge in Sophisticated Cyberattacks
TL;DR
- Reported software security vulnerabilities have tripled compared to last year.
- Hackers are using AI to exploit systems, forcing companies to adopt AI-powered defenses.
- Recent attacks on European supermarket refrigeration systems caused millions in food waste.
- The global cybersecurity market is projected to reach $346 billion by 2029.
Companies worldwide are struggling to manage a wave of cyber threats that executives say are becoming more sophisticated due to the use of artificial intelligence. IT departments are increasingly overwhelmed, with many firms turning to AI-powered security tools to help identify vulnerabilities and install patches around the clock.
The urgency of the situation was highlighted by recent attacks on European supermarkets, where hackers manipulated refrigeration temperatures, resulting in millions of dollars in spoiled food. In another major incident, Binance reported a $6.3 billion cryptocurrency theft, prompting the firm to increase its investment in AI-enhanced detection.
Data from the Common Vulnerabilities and Exposures list shows that nearly 37,000 security flaws were reported in the third quarter of 2026, a threefold increase from the previous year. Researchers have noted that AI tools can now be used to recreate hacks in minutes, forcing companies to accelerate their response times to avoid widespread disruption.
Major corporations, including Ahold Delhaize and Holcim, have been forced to take websites and apps offline to address security gaps. As both attackers and defenders continue to leverage AI, industry experts expect the global market for cybersecurity services to grow significantly, reaching an estimated $346 billion by 2029.
Why It Matters
As businesses in India, the US, and Canada increasingly rely on global digital infrastructure, the rapid rise in AI-driven cyber threats poses a significant risk to supply chains, retail operations, and financial security. The escalating arms race between hackers and corporate security teams highlights a growing need for international investment in automated defense systems to protect essential services and consumer data.
Nov 5, 2026 · Updated 11/5/2026, 6:18:38 AM · Reported with: The Economic Times Tech, Mint Technology
Sources (2)
NRI Bytes writes its own articles from the reporting below.
The Economic Times Tech — AI sharpens cat-and-mouse hacking battle as companies strengthen defences Mint Technology — AI sharpens cat-and-mouse hacking battle as companies strengthen defencesUp next · Technology
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