AI and cyber risks: how to protect your business

Did you know that digitization within companies is accelerating, which also increases the risks of cyber attacks? A data breach or phishing attack can not only lead to the leak of sensitive information, but also damage trust in your company. This can result in financial loss and a damaged reputation.

With the rise of artificial intelligence (AI), the playing field of cybercrime is changing. AI can help recognize threats more quickly, but cybercriminals are also using it to make their attacks smarter and more sophisticated. How do you protect your company against these threats?

The consequences of cyber incidents

Cyber attacks can cause considerable damage. Research shows that companies affected by a cyber incident struggle to retain customers, establish new relationships and rebuild their reputation. This can result in major financial losses. That is why it is important that you, as an entrepreneur, invest in cyber security.

How AI influences your cyber risks

AI is increasingly being used in business processes. Research shows that around 70% of companies are already using Generative AI, such as chatbots and automation tools. This affects cyber security within an organization:

- Positive: AI can help improve security. Examples include systems that automatically block phishing emails or password managers that generate secure passwords.

- Negative: On the other hand, AI also makes it easier for cybercriminals to send credible phishing emails. In addition, information that you provide to AI tools is often stored and can be used later, increasing the risk of data breaches.

Prevent risks

Cyber security is more than just technology. Your employees play an important role when it comes to working safely with new digital tools. However, around 30% of companies say that their security is not up to par due to a lack of knowledge. It is therefore important to:

- Regularly train employees in cyber security;

- Establish clear rules for the use of AI tools;

- Perform regular security updates and checks.

Is your company well insured against cyber risks? Do the insurance check with Van Loon!

In addition to good preventive measures, it is smart to take out cyber insurance. This way, you can limit the financial damage if something does go wrong. Do you want to know how well your company is actually protected? Do the insurance check with Van Loon and find out if your company is optimally insured. Leave your details and get advice on the best solution for your situation.

‍