By Jocelyn Ian
Financial data security is a growing concern for businesses, with small-business owners citing it as a leading IT challenge. Alongside worries about preventing data loss and improving threat detection, the increasing complexity of cyberattacks adds to the challenge.
Remote work has amplified these risks, with many business owners recognizing the heightened vulnerability posed by offsite employees. The loss or theft of passwords is particularly concerning, given that credentials account for over half of compromised data in breaches.
Cybercriminals use tactics like phishing, malware, and weak encryption to exploit vulnerabilities. Employees may unknowingly click on fraudulent links or open harmful attachments, leaving sensitive data exposed.
AI is revolutionizing the fight against these threats. Its algorithms can detect and neutralize phishing emails before they reach employees, while its learning capabilities help improve encryption and overall system security. AI operates around the clock, identifying vulnerabilities and strengthening defenses in real-time.
By predicting potential breaches and bolstering existing protections, AI offers a dynamic solution to financial data security.
Explore the attached resource to learn more about AI’s transformative impact, created by Donnelley Financial Solutions, a provider of ipo solutions.
