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Cybersecurity Thematic Intelligence Report, 2024-2026 - Rising AI-Powered Threats Drive Surge in Cybersecurity Budgets [Yahoo! Finance]
Last analog devices, inc. earnings: 2/19 08:00 am
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US:NASDAQ Investor Relations: investor.analog.com/investor-relations
The cybersecurity industry faces a challenge that is anything but business as usual. The prospect of offensive attacks using artificial intelligence (AI) is prompting increases in cybersecurity budgets as organizations try to understand the impact of generative AI on their security. Hacking groups will likely use large language models (LLMs) trained on malware to target their attacks more effectively. AI is already used for threat detection, and its greater adoption will help offset attacks. However, learning how to counter AI-led attacks will take time, and cybersecurity vendors and users will face a bumpy ride for the next two to three years. Key Highlights Cybersecurity budgets will grow in step with IT budgets in 2024 as organizations come to terms with AI's impact on their operations. PwC's 2024 Global Digital Trust Insights report states that cyber investments will take 14% of the total IT, operational technology (OT), and automation budget in 2024, up from 11% in 2023. O
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- Analog Devices: Get Ready For The Upcycle [Seeking Alpha][Seeking Alpha]
- Analog Devices, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance][Yahoo! Finance]
- Analog Devices, Inc. (NASDAQ: ADI) had its price target raised by analysts at Robert W. Baird from $200.00 to $250.00. They now have an "outperform" rating on the stock.[MarketBeat]
- Analog Devices to Participate in the Bernstein Strategic Decisions Conference [Yahoo! Finance][Yahoo! Finance]
- Analog Devices to Participate in the Bernstein Strategic Decisions Conference[PR Newswire]
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