The Role of AI in Protecting Financial Data

Is your financial data truly secure? Many business owners grapple with securing their systems in the face of growing cybersecurity challenges, ranging from data loss to increasing threats from cyberattacks.

Remote work is an emerging factor that adds to these concerns. The rise in telecommuting makes it easier for hackers to exploit weak credentials, which can result in massive data breaches. Stolen passwords and insufficient encryption are common culprits, giving cybercriminals access to both company and customer information.

Read: Building Resilience in Manufacturing: The Role of Uptime and Availability

Artificial intelligence (AI) offers a proactive solution to these threats. By integrating AI into cybersecurity systems, businesses can detect suspicious activity early. AI can remove phishing emails from employees’ inboxes before they fall victim to the scam. Its adaptive learning capabilities also enhance security protocols over time, identifying vulnerabilities and bolstering defenses.

Beyond detection, AI plays a crucial role in maintaining encryption standards, protecting financial data during transmission and storage. Its ability to predict potential threats strengthens existing defenses like firewalls, providing continuous protection against the evolving nature of cyber threats.

To 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.