Protecting Your Business from AI-Powered Cybercrime: Insights from Charter Capital
Businesses in the United States are facing a surge in cybercrime due to the use of artificial intelligence (AI) by cybercriminals. Charter Capital, a leading invoice funding company, highlights the increasing threat of AI-powered theft in small and mid-sized businesses. The impact of AI on cybercrime risks and challenges is significant, with a rise in cyberattacks, faster deployment of attacks, and new deceptive tactics employed by hackers.
AI-enabled adversaries have increased cyberattacks by 89 percent year-on-year, affecting 73 percent of security professionals. The average breakout time for attacks is just 29 minutes, with 82 percent of threats being malware-free. Cybercriminals are using new tactics like deepfakes and prompt injections to access businesses without detection, catching many off guard.
To combat AI-powered online theft, businesses must prioritize preventative measures. Implementing strong security measures such as firewalls and antivirus software, detection tools for unusual behavior, employee training on identifying cyber threats, and layered security protocols like multi-factor authentication are essential. Having a post-incident response plan and cybersecurity insurance can help businesses respond quickly and recover from cyber theft incidents.
Charter Capital recommends businesses struggling with cash flow due to slow payments to consider invoice factoring as a solution. Invoice factoring provides immediate payment on B2B invoices, accelerating cash flow and making it easier for businesses to invest in security measures. Those interested in learning more about invoice factoring can contact Charter Capital for a complimentary factoring quote.
Charter Capital, based in Houston, Texas, has been providing flexible funding solutions for the B2B sector for over 20 years. Their competitive rates, fast approval process, and same-day funding help businesses in various industries manage daily needs and grow. To learn more about Charter Capital and their services, visit their website or contact them directly.