As global organizations increasingly depend on AI technology, the complexity and frequency of cyber threats are rising, prompting urgent responses from industry leaders. Snappers, an innovative startup founded in 2023, is tackling the dual challenges of workforce shortages and the escalating risk of AI-generated cyberattacks.
CEO Hisham Magdy warns that the coming years will see increasingly sophisticated cyberattacks that leverage AI to create new malware capable of bypassing existing defenses. The global economy is projected to face losses amounting to trillions of dollars annually due to these attacks. In regions like Egypt, where Snappers is primarily active, a significant shortage of cybersecurity talent is evident, worsened by skilled professionals seeking opportunities abroad.
To combat these threats, Snappers is integrating AI into its cybersecurity services, offering subscription-based solutions designed to enhance the capabilities of human engineers rather than replace them. Magdy emphasizes the importance of specialized services that utilize AI within their Security Operations Centre (SOC), asserting that effective threat-hunting requires human expertise. This collaborative model aims to improve response times and bridge the skills gap prevalent in the MENA region.