The U.S. Department of the Treasury report on "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector" highlights several key statistics, including:
- 63% surveyed are using AI or machine learning for cybersecurity purposes
- 80% reported using AI or machine learning to prevent fraud.
- 94% indicated that facilitating better industry-wide information sharing about AI cyberattacks would be an effective regulatory measure
- 82% of surveyed firms suggested investing in research to understand AI-related cybersecurity risks would also be effective.
- 100% of large firms (those with over $50 billion in assets) have in-house AI capabilities for fraud prevention and 94%for cybersecurity.
- 44% of smaller firms (those with under $1 billion in assets) have in-house AI for cybersecurity and 40% for fraud prevention.
As AI adoption in the financial services sector continues to grow, organizations must prioritize managing AI-specific cybersecurity risks to protect their digital assets and maintain the financial system's stability.
Jericho Security's platform is designed to address the evolving nature of AI-powered phishing attacks. By using AI to create advanced phishing simulations and educational content, Jericho Security helps organizations stay one step ahead of cybercriminals. Key features of the platform include:
- Simulated AI-Powered Attacks: Jericho Security generates realistic AI-driven phishing simulations to prepare employees for real-world threats.
- Advanced Training Content: Comprehensive training materials educate employees on the latest phishing tactics and how to identify them.
- Real-Time Adaptation: Jericho Security's AI technology continuously learns from new threats, ensuring the platform remains effective against evolving phishing attacks.
Organizations must adopt advanced cybersecurity solutions to protect themselves from AI-powered phishing attacks as the threat landscape evolves. Jericho Security's innovative platform offers a cutting-edge approach to combating these threats, helping businesses defend against the new wave of cybercrime.
