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The pressing need to combat a new breed of cybercriminals using artificial intelligence to trick their way into government and corporate records is likely to be the driving force behind AI deployment in the coming months.

This was underlined on Wednesday after Microsoft Corporation MSFT said in a report that it had detected hacking groups with affiliations to institutions such as Russian military intelligence, Irans Revolutionary Guard and Chinese and North Korean government agencies using OpenAIs large language model (LLM) generative AI (GenAI) tools.

AI-powered cybersecurity network companies are already among the biggest gainers on the S&P 500 this year. In a report on Monday, Benzinga identified some of the best performing firms, including Palo Alto Networks PANW and Fortinet FTNT .

Also Read: These 4 AI-Related Stocks Outside Magnificent 7 Are Already Outperforming In 2024Growing AI-Backed Security Threats

What are the growing security problems companies and government agencies now face? Data, particularly, is at a premium, as it can be monetized by cyber criminals.

Also, however, planting misinformation and deepfakes can influence public opinion particularly if targeted at social media. This is becoming ever more important in 2024 as nearly a third of the worlds population votes in national elections this year.

The world faces a polarized geopolitical order, multiple armed conflicts, both skepticism and fervor about the implications of future technologies, and global economic uncertainty, said Jeremy Jurgens, author of the World Economic Forums 2024 report on cybersecurity.

He added: Amid this complex landscape, the cybersecurity economy grew exponentially faster than the overall global economy, and outpaced growth in the tech sector.What Happened At Microsoft?

Microsoft said on Wednesday that the Russia-affiliated hackers were using LLM models to research satellite and radar technologies that may pertain to conventional military operations in Ukraine, while the North Koreans were looking to generate content that could be used in spear-phishing campaigns.

The report made no mention of the volume of attacks, and unveiled the findings as it announced a blanket ban on state-backed hacking groups using its products.

Thus, companies and agencies will likely be seeking to beef up their cybersecurity in response to the raised threats identified by Microsoft and OpenAI.

Applying and using LLMs in a security operations center is one way to adopt emerging technology into existing foundational cybersecurity. LLMs can be used as a way of automating or assisting an analyst to threat-hunt with more accuracy, said Jurgens.Fight AI Threats With AI-Powered CybersecurityLoading… Loading…

Among the companies outside of the S&P 500 that are implementing AI technology into their cybersecurity offerings is Zscaler Inc ZS . Its AI-Zero Trust Exchange platform is used by clients like United Airlines, which has successfully identified and thwarted emerging threats through this technology.

Zscaler has enjoyed a good run over the past year, more than doubling its share price from around $110 to around $240.

CrowdStrike CRWD has performed even better, tripling its share price from $105 at the beginning of 2023 to its current $329.

The company boasts over 23,000 customers worldwide and named a leader in GenAI cybersecurity in 2023 by industry analyst Gartner.

Cloudfare Inc NET has doubled its share price since the start of 2023 from $45 to $101, while SentinelOne S has also doubled in price from $14.50 to $31 over the same period of time.

Among the exchange traded funds that cover the cybersecurity sector, the First Trust Nasdaq Cybersecurity ETF CIBR , which counts all the above stocks in its holdings, is up 50% since the start of 2023, and the iShares Cybersecurity and Tech ETF IHAK , which also holds the above companies, is up 48% over the same period.

Now Read: VIX Hits 3-Month High: Market Turns To Stocks Braving Last Mile In The Inflation Battle

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NHL fines Senators, Cousins for pregame conduct

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NHL fines Senators, Cousins for pregame conduct

The NHL fined the Ottawa Senators $25,000 and forward Nick Cousins $2,083.33 for an incident of “unsportsmanlike conduct” in warmups ahead of Game 3 of the team’s first-round Stanley Cup playoff series against the Toronto Maple Leafs on Thursday.

Cousins’ fine is the maximum allowed to a player under the NHL/NHLPA collective bargaining agreement.

With warmups underway, Cousins was spotted flipping a puck across the center ice line at Maple Leafs goaltender Anthony Stolarz as he went through his pregame routine.

The two players have history as teammates with Philadelphia Flyers from 2016-17 and with the Stanley Cup-winning Florida Panthers last season. Senators coach Travis Green emphasized that familiarity when asked about the NHL’s investigation Friday, while otherwise keeping his answer lighthearted.

“It’s an active investigation. I don’t know if I should be commenting,” said Green, drawing laughter from the gathered media. “I have people that have advised me maybe not to comment on it.

“I’m kidding. I saw the video. Stolarz and Cousins have played together. [Cousins] is probably trying to laugh at him or make a joke or get him off his game. It is what it is.”

Green went on to confirm he had spoken to Cousins about the puck flip.

“[He just said] I know him,” Green said of Cousins’ reasoning. “Game within the game. Happens probably a lot more than you think.”

Toronto took a commanding 3-0 lead in the best-of-seven series with a 3-2 overtime victory. Ottawa will try to stave off elimination in Game 4 on Saturday.

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Canadiens keep injured Laine out for Game 3

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Canadiens keep injured Laine out for Game 3

MONTREAL — Montreal‘s Patrik Laine is out for Friday’s Game 3 of the Canadiens’ first-round playoff series against Washington because of an upper-body injury.

Laine missed the team’s morning skate, and the Canadiens said he will be evaluated daily.

Laine, 27, was benched for the third period of Wednesday’s 3-1 loss in Game 2 after a difficult first two periods. Kasperi Kapanen replaced Laine, while defenseman Arber Xhekaj was inserted into the lineup for Jayden Struble.

The Capitals lead the best-of-seven series 2-0.

Laine, known for his dangerous shot, hasn’t scored in his past seven games.

The Canadiens acquired Laine and a second-round draft pick from the Columbus Blue Jackets last summer for defenseman Jordan Harris.

Laine had 20 goals, including 15 on the power play, and 13 assists in 52 games this season after missing the first two months with a knee injury.

“We have some guys battling things, so we’ll see what we start with tonight,” Canadiens coach Martin St. Louis said earlier Friday. “Obviously in a series, during games, you make adjustments. That’s part of a best-of-seven.”

Montreal is hosting its first playoff game in front of a sold-out crowd since 2017. The Canadiens played in an empty, or reduced-capacity, Bell Centre during their run to the Stanley Cup Final in 2021.

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Oilers turn to Pickard in goal to avoid 3-0 hole

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Oilers turn to Pickard in goal to avoid 3-0 hole

The Edmonton Oilers are making a goaltender change, putting Calvin Pickard in the crease for Game 3 of their Western Conference first-round series against the visiting Los Angeles Kings.

Looking to avoid being pushed to the brink of elimination, the Oilers are turning to Pickard after Stuart Skinner yielded 11 goals on 58 shots as the Kings captured a 2-0 lead in the best-of-seven series.

Pickard relieved Skinner midway through the third period of Game 2 on Wednesday, allowing one goal on three shots.

The journeyman goaltender was asked Friday afternoon how he plans to approach Game 3.

“The same way I’ve approached every game as an Oiler: go out and do my job and give our team a chance to win,” Pickard said. “Obviously the last two games didn’t go as planned in all facets, but we know we have a better effort in this locker room and we know we’re going to do that tonight.”

Oilers coach Kris Knoblauch said after Game 2 that he would get together with his coaching staff and decide on a starting goaltender. But Knoblauch added that he believed Skinner was not at fault for the team’s defensive troubles in this series.

“I don’t think there’s been any bad goals. There’s been a lot of goals, but the chances that we’re giving up are Grade A’s,” Knoblauch said. “I’m not sure that are many, ‘Geez, where’s the save there?’ It’s been very difficult for a goaltender playing. More structure and the less we’re giving up those opportunities, it’s a lot easier for Stuart Skinner or Calvin Pickard playing.”

Pickard, 33, posted a 22-10-1 record with a 2.71 goals-against average and .900 save percentage in 36 games (31 starts) during the regular season. Skinner, 26, was 26-18-4 with a 2.81 GAA and a .896 save percentage over 51 games (50 starts) during the regular season.

Information from ESPN’s Ryan S. Clark and Field Level Media was used in this report.

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