Tag: splunk
91% of Orgs Report Use of Gen AI for Cybersecurity – May 1st
Splunk reported that 91% of organizations reported the use of Generative AI for specific cybersecurity usage. The report “State of Security 2024: The Race to Harness AI” also disclosed that 93% of security leaders said public Gen AI was in use across their respective organizations, among other insightful statistics on Gen AI's impact on cybersecurity.
Cisco bets the farm on Splunk
Cisco’s US$28 billion acquisition of cybersecurity firm Splunk is the largest acquisition in the networking giant’s history. It is now being seen as a clear signpost for the future value of cybersecurity companies worldwide. The price paid for the 20-year-old San Francisco company represented over 12 percent of Cisco’s US$198 billion market capitalization. The $28 billion acquisition was closed within only six months, at a time when many large mergers are being blocked or delayed by regulators. “We will revolutionize the way our customers leverage data to connect and protect every aspect of their organization as we help power and protect the AI revolution,” said Cisco CEO Chuck Robbins.