Absolute Software Unveils Innovative Cyber Resilience Through Agent-Based AI to Combat $400 Billion Downtime Losses

Absolute Software Introduces Agent-Based AI for Cyber Resilience

In a significant step toward enhancing cyber resilience, Absolute Software has announced the integration of agent-based AI capabilities into its Absolute Cyber Resilience Platform. This innovative approach is designed to tackle the challenges posed by increasingly sophisticated cyber threats and the complexities arising from modern IT environments. With cyberattack-related downtime costing the global economy over $400 billion annually, it is crucial for organizations to enhance their recovery strategies and prevent substantial financial losses.

A recent survey involving 750 Chief Information Security Officers (CISOs) revealed that recovery from cyberattacks, ransomware incidents, and software failures typically requires an average downtime of 14 days. As costs can reach up to $2 million per hour, companies may face losses exceeding $670 million following a two-week incident. This highlights the urgent need for robust cyber resilience strategies.

Absolute's AI-driven platform aims to significantly reduce recovery times from extended downtimes to just minutes, ensuring that organizations can quickly bounce back from disruptive cyberattacks or software downtime. By integrating agent-based AI technology, Absolute empowers security leaders and Chief Financial Officers (CFOs) to enhance their decision-making and response capabilities, allowing for proactive responses to future business and security challenges.

John Herrema, Chief Product Officer of Absolute, emphasizes the financial implications of downtime, stating, "Downtime results in nearly $400 billion in losses to the global economy each year. Companies must evolve their cybersecurity strategies beyond mere threat detection and defense; more advanced approaches are necessary. Agent-based AI enhances cyber resilience, optimizing endpoint security and providing a foundation for businesses to protect their revenues while continuing operations."

Moreover, the integration of this cutting-edge AI technology not only aids in rapid recovery post-incident but also contributes to overall business continuity and security enhancement. With the landscape of cyber threats becoming increasingly dynamic, having AI solutions that can autonomously assess situations and respond is vital for businesses striving to maintain their operation integrity.

The announcement underscores Absolute Software's leadership in the cyber resilience domain, showcasing its commitment to providing technological solutions that protect organizations against vast economic losses incurred from cyber risks. Companies adopting the Absolute Cyber Resilience Platform will gain a competitive advantage by ensuring secure and uninterrupted access to networks, supporting hybrid and remote work environments.

As businesses continue to navigate the complexities of digital transformations and remote working trends, the demand for innovative solutions like those offered by Absolute Software will undeniably increase. For more information on Absolute Software and its cyber resilience platform, visit Absolute Software. Follow them on LinkedIn to stay updated on their latest developments and offerings.

About Absolute Software

Absolute Software collaborates with over 28 leading PC manufacturers and is embedded in the firmware of more than 600 million devices globally. Trusted by thousands of customers worldwide, its solutions secure the connections of 16 million PC users. By integrating Absolute Software's cyber resilience platform, organizations can ensure secure and seamless connectivity from anywhere in the world, rapidly recovering from cyber threats and disruptions.

For press inquiries regarding this announcement, please contact the press office of Absolute Software through Swallow Media at:

- Phone: 03-4405-9537
- Email: [email protected]

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