Using Artificial Intelligence To Help Keep Your Financial Data Safe

Back in the day, an organization’s financial information was protected by having a solid deadbolt on your door or vault with a combination lock. However, in today’s environment, even small businesses are using the internet for transmitting and receiving sensitive information among you, your customers, and financial institutions. These 24/7 connections have made doing business more convenient, but this also means you need to have the right protections in place in the new digital world. Hackers are constantly looking for new flaws in an organization’s security. If you think you’re too small to be targeted, think again, businesses of all sizes can be targeted. In fact, 40% to 60% of small businesses go out of business after a major disaster such as data loss.

One way to combat the risk of financial data threats is by utilizing artificial intelligence in your traditional cybersecurity system.

Using AI To Help Protect Financial Data Threats

When supplemented with traditional security systems, AI could help protect your financial data. That’s because unlike passive measures such as passwords, AI can learn from experience and can better learn to identify activities that look suspicious. For example, AI can identify a user that is trying to access content that they are not authorized to. AI can also identify phishing emails and remove them before someone even reads them in their inbox. Perhaps best of all, AI can run 24/7 without the need for human intervention. If you are interested in learning more ways AI can help protect against financial data threats take a look at the resource below. It provides common examples of ways your financial data may be compromised as well as some tips for what employees can also do to help:

Infographic created by Donnelley Financial Solutions