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Is your financial data truly secure? If you share concerns about protecting sensitive information, you’re not alone. Many small-business owners rank data security among their top IT challenges, alongside issues like preventing data loss, managing evolving threats, and improving employee cybersecurity awareness.
With the rise of remote work, safeguarding financial data has become even more challenging. Many business owners acknowledge that remote employees increase security risks. Credential theft is one of the leading concerns, as 70% of employees lose or have their passwords stolen. These credentials account for a large portion of data breaches.
Beyond compromised passwords, cybercrime poses a significant and ongoing threat. Phishing emails trick employees into sharing login credentials. Malware can lock your data until a ransom is paid. Weak encryption may allow attackers to access sensitive data during storage or transmission.
Artificial intelligence (AI) is emerging as a powerful ally in countering these threats. By employing algorithms, AI can identify phishing emails and remove them before employees see them. It can also strengthen encryption processes to protect data during use and storage. AI’s ability to analyze systems continuously helps detect vulnerabilities and improve security protocols.
Additionally, AI can predict and mitigate risks, enhancing the resilience of firewalls. Learn more about leveraging AI to secure your financial data in the accompanying resource, courtesy of Donnelley Financial Solutions, a provider of ipo solutions.
