Managing a financial organization is challenging enough without worrying about cyberattacks. However, there is cause for alarm as hackers are using artificial intelligence (AI) to launch sophisticated cyberattacks to steal your data and disrupt business operations.
The good news is there are steps you can take to protect your organization. This blog will explain how AI is being used in cybercrime and how you can safeguard your business.
How hackers use AI
Here are some of the ways cybercriminals are exploiting AI:
Deepfakes: Hackers use AI to create highly realistic fake videos or audio recordings to impersonate someone you know, like your CFO or a trusted colleague. These deepfakes can be used to trick you into transferring funds or sharing sensitive financial information.
How to spot it: Closely look for details like unnatural facial movements or sloppy voice synchronization.
AI-powered password cracking: With the help of AI, cybercriminals can effortlessly crack common and easy passwords. Hackers with access to advanced computation offered by AI can automate the breaching process, so they can try millions of combinations to guess your password.
How to fight back: Always use unique passwords. Consider using a password manager.
AI-assisted hacking: Hackers no longer have to spend hours looking for vulnerabilities. Instead, with the help of AI, they can create automated programs that not only identify weaknesses in your system but also create new types of malware.
How to stay ahead: Keep your security systems and software updated. Also, set up a mandate to scan for vulnerabilities routinely.
Supply chain attacks: Threat actors use AI to insert malicious code into legitimate vendor products, which eventually will compromise your system as well.
How to protect yourself: Only download software from trusted sources. Always be vigilant with updates and patches.
Boost your defenses
AI-powered cybercrime is a growing threat. That’s why having a strong IT partner by your side can be the ultimate weapon in your arsenal. Partner with us to leverage advanced technology to fortify your defenses.
Reach out to us today for a free consultation and learn how our team can secure your organization against evolving cyber risks.
