04:35:23 EDT Tue 01 Jul 2025
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or Name
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CA



Amazon.com CDRs (CAD Hedged)
Symbol AMZN
Shares Issued 25,200,000
Close 2024-10-18 C$ 22.55
Market Cap C$ 568,260,000
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Globe/CP say Meta, rivals hear AI a double-edged sword

2024-10-21 08:15 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Oct. 21, edition that Denis Villeneuve has spent 15 years in cybersecurity, but threats have never felt as personal as now. A Canadian Press dispatch to The Globe reports that at Kyndryl, his tech firm, employees received fake videos of chief executive officer Martin Schroeter aimed at tricking them into sharing their login credentials. However, despite the cybersecurity threats, Mr. Villeneuve -- like much of the tech industry -- is careful not to frame AI as all bad. In the fight against cyberattackers, they reason AI can help just as much as it harms. As AI improves, experts feel there will always be a bigger or more innovative way of trying to get through a company's defences, but those defences are getting a boost from the technology, too. Fortinet Canada's Peter Smetny says, "AI, ultimately, is a much better thing for the defenders than the attackers." His reasoning lies in the sheer number of attacks some companies face and the resources it takes to handle them or ward them off. While not all cyberattacks are successful, Mr. Smetny says many companies see thousands of attempts to penetrate their systems every day. AI makes handling them more efficient.

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