CrowdStrike CEO George Kurtz told CNBC's Jim Cramer that cybercriminals are on the rise because they have access to advanced generative artificial intelligence. He said this is because he can carry out attacks even if his own skills are low.
He said generative AI is democratizing “techniques and attacks that are very difficult to understand” for adversaries who don't have the same sophistication or skill level.
“What we talked about on the earnings call was that by leveraging generative AI, we can create more adversaries at lower skill levels; It means we can operate at a much higher skill level,” Kurtz said. “Of course, on the security side, we leverage generative AI. AI helps protect our customers, so the future is going to be an AI battle.”
Cybercrime is “more active than ever,” Kurtz said, and some companies are growing frustrated with legacy technology that requires “quick fixes across different technologies and platforms.” It is said that there is CrowdStrike aims to create a single, simpler platform that can stop breaches and “seamlessly add functionality,” he said.
Kurtz warned companies against using cheap cybersecurity programs. He cited the seven-figure deal CrowdStrike signed with a giant cruise line in recent quarters. During the conference call, Kurz said the cruise line is not satisfied with the service provided by its current vendor.
“People might try to buy something and think it's cheaper, but it's not. Free isn't free,” he says. “You get what you pay for. In this particular case, we're talking about a customer who had an incident and had a problem, but more importantly, a customer who had technology that they couldn't deploy and operate. We’re talking.”