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AI hacking fears fuel a cybersecurity boom as Palo Alto, Fortinet and Okta post strong second-quarter results

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Rising fears over AI-enabled hacking have boosted the cybersecurity sector.
  • Palo Alto Networks, Fortinet and Okta reported strong second-quarter results.
  • Palo Alto Networks CEO Nikesh Arora said companies need to overhaul legacy security systems built before the AI era.

Fear of “AI hacking” is creating a boom for the cybersecurity industry, with Palo Alto Networks, Fortinet and Okta all reporting strong second-quarter results.

Companies now face the prospect of completely overhauling legacy cybersecurity systems built before the AI era. The systems represent an estimated $1 trillion, or about 1,380 trillion won.

Nikesh Arora, chief executive of Palo Alto Networks, the world’s largest cybersecurity company, described the challenge during a recent earnings conference call. He said the surge in threats exploiting artificial intelligence is forcing companies to prepare stronger defenses against automated attacks powered by AI.

Companies are facing a situation in which they must completely overhaul roughly $1 trillion worth of legacy cybersecurity systems built before the AI era.

· Nikesh AroraThe Palo Alto Networks CEO described the pressure created by the increase in AI-enabled threats.
About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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