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billion by 2026, driven not only by remote working and growing cyberthreats but also by a massive cybersecurity skills shortage , the demands of government regulations , and the simple cost benefits of outsourcing. Intelligence: Global threat intelligence, advanced threatdetection, and integrated incident response.
The increase in connected devices and the data they generate creates a larger attack surface for cyberthreats. To ensure data integrity and network security, businesses must adopt more sophisticated security protocols, including advanced encryption methods and AI-driven threatdetection systems.
There are $250,000,000 appropriated for the period of fiscal years 2022 through 2026 for this section. There is authorized to be appropriated to the Secretary to carry out this subsection $50,000,000 for the period of fiscal years 2022 through 2026.
Additionally, the European Commission is set to review the adequacy of strengthened requirements for statutory auditors and audit firms in terms of digital operational resilience by 17 January 2026. It encourages the exchange of cyberthreat information and intelligence among financial entities. What Are the Next Steps?
Mo Wehbi, VP, Information Security & PMO, Penske Automotive Group: The Good and the Bad "The Good: Widespread Adoption of AI and Machine Learning for ThreatDetection: AI will become more sophisticated and integral in identifying threats in real-time, reducing response times and mitigating risks faster than ever before.
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