During the pre-digital days, financial records and documents were physically secured. Lockboxes and other physical security tools were all that was needed to keep valuable financial data secure. However, as technology has become more advanced and interconnected, so did threats. Valuable data is stored electronically now, making organizations of all sizes more vulnerable to cybersecurity attacks. Business owners must be on alert at all times to avoid having financial data compromised.
Cybercriminals have a variety of methods for trying to gain access to your important data. These include phishing tactics as well as targeting missing or weak encryption. Security and physical locks may have worked for protecting secure information in the past, but the current landscape requires 24/7 surveillance that also utilizes predictive analytics. One way this can be done is by implementing Artificial Intelligence into your current security system.
Utilizing Artificial Intelligence
Hackers can use a variety of techniques, such as malware that infiltrates your network and blocks you from accessing your system. Typically, this is done by an email imitating an IT professional or company executive requesting you to download or give away personal login information. That being said, Artificial Intelligence can help catch these attempts no matter what the level of sophistication. For example, this software can identify weaknesses in authentication, or application of users. Artificial Intelligence also can learn through experience. That means Artificial Intelligence can predict when and where the next threat will possibly be.
The methods of storing valuable information have become more technological. Updated, and so should your means of protecting against financial data threats. Check out the infographic below for more information on how to use Artificial Intelligence to help keep your financial data and personally identifiable information secure.
Infographic created by Donnelley Financial Solutions, a financial consolidation software provider
