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International Business Machines Corp. (NYSE:IBM) shares are trading lower today. Shares of stocks in the broader tech sector are trading lower as stocks sell off amid concerns over the U.S. economy.
Today, IBM launched generative AI enhancements for its managed Threat Detection and Response Services, aimed at improving and optimizing security operations through the expertise of IBM Consulting analysts.
The Cybersecurity Assistant will be part of both IBM Consulting’s threat detection services and IBM Consulting Advantage, enhancing AI-driven, consistent, and efficient client solutions.
It accelerates complex threat investigations by analyzing historical threat data. Integrated into IBM’s TDR Services, it cross-correlates alerts from SIEM, network, EDR, vulnerability, and telemetry sources for a comprehensive threat management approach.
Developed with IBM Research, the IBM Consulting Cybersecurity Assistant leverages IBM’s generative AI, built on Granite foundation models and enhanced through IBM watsonx.ai, with a conversational interface provided by IBM watsonx Assistant.
Mark Hughes, Global Managing Partner of Cybersecurity Services, IBM Consulting, said, “As cyber incidents evolve from immediate crises to multi-dimensional and months-long events, security teams are facing the enduring challenge of too many attacks and not enough time or people to defend against them.”
“By enhancing our Threat Detection and Response services with generative AI, we can reduce manual investigations and operational tasks for security analysts, empowering them to respond more proactively and precisely to critical threats, and helping to improve overall security posture for clients.”
Apart from this, in July, IBM secured a 5-year contract with $26 million in initial funding with a focus on developing effective cybersecurity systems.
Last month, IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus estimate of $2.19 by 10.96% and, sales clocked in at $15.8 billion, which beat the consensus estimate of $15.616 billion.
According to Benzinga Pro, IBM stock has gained 26% in last 12 months. Investors can gain exposure to the stock via FT Vest Technology Dividend Target Income ETF (BATS:TDVI) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG).
Price Action: IBM shares are down 2.50% at $184.39 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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