How secure is your financial data? If you’re concerned, you’re not alone. Small-business owners are increasingly focusing on protecting their data, facing challenges like data loss, employee awareness, and the rise of sophisticated cyber-attacks.
The growing shift to remote work has amplified these concerns. With more employees working from home, the risks to financial data increase, especially when credentials are misplaced or stolen. Remote workers often present more vulnerabilities compared to those on-site, leaving businesses more exposed to cyber threats.
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Phishing, malware, and weak encryption all contribute to compromised business data, including sensitive customer information. However, artificial intelligence (AI) is changing the game in cybersecurity. AI can detect phishing emails and remove them before employees even see them, reducing the likelihood of credential theft. AI systems continuously learn, adapting to new threats, making them highly efficient in identifying weaknesses in your cybersecurity infrastructure.
In addition, AI can strengthen encryption methods, safeguarding financial data during storage, use, and transmission. Its predictive capabilities also help fortify firewalls against potential threats, providing an extra layer of defense to keep your financial data safe.
Financial-Data-SecurityTo learn more about how AI is improving the way in which financial data is stored and secured, please continue reading on to the infographic created by Donnelley Financial Solutions, a provider of M&A software.