Cybercrime is a substantial threat in 2019, so efforts in improving cybersecurity need to be just as great. According to the Office for National Statistics, over half a million incidents of unauthorised access to information occur annually in England alone. Cybersecurity for business should be high on every company’s agenda.

Cybersecurity: what is the current threat level?

As the illegal hacking industry becomes more profitable, it also becomes more sophisticated. Nearly every business has a website that needs protecting. Breaches of internet security are a very real threat, and preventative tools are now essential for any business.

Many organisations now have multiple devices linked to their networks. Employees carrying mobile devices present the cyber hackers with even more opportunities to access delicate information. With third-party apps being downloaded onto these devices, can they ever be truly secure?

General Data Protection Regulations (GDPR) introduced in 2018 mean that businesses now have a legal responsibility to protect private information. With heavy fines for companies not implementing and reviewing security measures, it is more crucial than ever to protect and secure information online.

Artificial intelligence (AI) plays an ever-increasing role in business. The growth in AI presents new security risks to businesses as well as amazing efficiency savings.

How AI can improve efficiency

  • Optimises manufacturing: With technology in machine learning becoming more and more advanced, it’s no surprise that the world of manufacturing is now adopting AI. As a result, machines which constantly respond to the environment around them reduce waste and errors. The speed of these responses dramatically accelerates manufacturing. In July 2018, Forbes reported that manufacturing executives are adopting AI across all industries.
  • Accurate forecasting: AI works with facts and the truth. The ability to absorb and analyse seemingly endless amounts of data is huge in terms of time saved. With machines learning as fast as they are exposed to data, forecasting business trends and needs becomes a real science. AI forecasting will be neither too enthusiastic, nor overly pessimistic.
  • Customer service: AI is already part of business communication strategy. AI-based customer service systems can now operate around the clock. They don’t suffer from fatigue or lack of concentration and are capable of constantly adding to their knowledge. The customer gets a faster, more accurate  experience every time.

The limits to AI’s contribution to business efficiency haven’t even been imagined yet.

Similarly, the risks to business and their cybersecurity are increased in this environment of machine learning and AI.

Cybersecurity and the risks of using AI

attacks may use AI systems to complete certain tasks more successfully than any human could

(Malicious Use Of Artificial Intelligence Report)

  • Complacency: As AI becomes more efficient and machine learning is used to protect businesses’ systems, there is a risk of IT professionals feeling that AI cybersecurity is infallible. Cybersecurity needs to develop faster than cybercrime.
  • Mistaken identity: As AI systems recognise how we communicate, employees and customers could be convinced they are receiving genuine messages and inadvertently allow access to sensitive information.
  • AI powered malware: Hackers are creating increasingly sophisticated systems to take advantage of developments in AI. Face recognition, voice activation and GPS systems all offer new opportunities for cybercriminals.

AI offers the business world huge benefits in operating efficiency. This comes with with a set of new risks to cybersecurity. These risks can be managed though and employing  professional, regulated cybersecurity experts gives business one less headache to manage.

Get in touch with City Business Solutions for a free IT consultation. We offer total protection for your business, identifying and managing cybersecurity risks so that you don’t have to.