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“Ransomware won't just be about encrypting the data that you have,” he adds. “It'll be about extorting companies not only to unencrypt that data, but to stop it from being transmitted and sold to the wider world as well. So I see that being a big thing.”

With generative AI-related threats creating new challenges for security teams, businesses will need to work proactively in future and keep these threats on their radar.

“ChatGPT is a huge buzzword at the moment,” Skeete concludes. “There were initially stories about using it to write malware and so on. I think not just from ChatGPT, but other open source machine learning capabilities, that's got to be something that's on everyone's radar at the moment and thinking about what we can do to combat that. Malware is such a scalable threat as it is and with AI machine learning, they're only going to add to that.”