Cybercrime is not a question of "if," but "when" and "how much." The financial impact of cybercrime is staggering, with the average data breach costing companies $7.5 million. Global economic losses are projected to reach a staggering $27 trillion by 2027, representing 21% of global GDP.

Discussion content:

• Evolving threat landscape and challenges of defending alone.

•While phishing, malware, and ransomware remain significant threats, the increasing sophistication of bad actors, fuelled by AI and readily available tools like "Ransomware as a Service," demands a shift from mere protection to a culture of resilience.

• Unlocking innovation and value with Artificial Intelligence (AI) comes with big challenges – from securing AI, limited resources, talents shortages, and the needs for massive investment and collaborative approaches. Yet, the opportunity to get a share of the Trillion-dollar AI economy is huge.

• Defending collaboratively. The cybersecurity community, including business leaders and cybersecurity professionals must work together to share information, develop best practices, and address the problem of growing cost and impact of Cyber Attacks.