How AI supercharges cybersecurity risks
How AI supercharges cybersecurity risks
https://www.dig-in.com/news/how-ai-supercharges-cybersecurity-risks
Publish Date: 2026-05-28 14:40:00
Source Domain: www.dig-in.com
Takeaways:
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- AI can both find vulnerabilities and carry out attacks
- Cyber reinsurance demand is growing
- MSIG works with insureds to find and address vulnerabilities
AI is now capable of not just finding cybersecurity vulnerabilities, but also carrying out attacks, according to Ryan Kratz, head of cyber for North America at MSIG. In this second of a two-part interview, Kratz explains how cyberattackers are using the technology, and what commercial insurers should do.
This article is excerpted from a longer interview and edited for clarity.
What are the biggest cybersecurity risks now?
Ryan Kratz, head of cyber for North America at MSIG USA.
Hand-out/MSIG USA
The barrier to entry for cyber criminals is lower. You’re getting these relative novice hackers who are able to utilize AI to not just ask, ‘How do I do this,’ but to do it. A year ago, we had a class on AI and cyberattacks. The AI would find a company’s vulnerability and point it out to them, but the AI wasn’t in a position to autonomously attack that organization. Relatively recently, attackers can find the organization with vulnerability, and carry out an attack on them.
The primary concern that’s not necessarily thought about, particularly in smaller organizations, is supply-chain exposure. There’s so much reliance on the technology supply chain. We’re then covering contingent business interruption and dependent business interruption, where your supplier goes down from a cyber event. That results in business interruption downtime.
Have these AI-based cyber risks placed a bigger burden on reinsurers?
Thus far, capital has grown on the cyber side. You would think there might be a bit of a contraction based on risks to the tail on the claims that they’re seeing. From what I understand from our reinsurance brokers, cyber reinsurance renewals were pretty seamless on an abundant capacity. Not unlike the direct cyber insurance market, the reinsurance market is at an abundance of capacity right now, as…
