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Last year more than 11.4 billion was stolen from people in the UK by cybercriminals.
As technology becomes more sophisticated, so do the methods cybercriminals can use to commit their crimes.
But its not just weaknesses in our technology that can put us at risk of being scammed.
Director of Security & AI Strategy, Darktrace.
As we implement AI systems, were encouraging those patterns further.
They also use impersonation, urgency and fear to manipulate victims into trusting them or acting quickly without verification.
Its most commonly seen in personalized scams.
Employees under pressure
Employeesin the workplace can be particularly vulnerable to this kind of psychological scam.
This is not simply a case of ‘users are the problem’.
Even with rigorous awareness training, overloaded employees will still face this issue.
Research tells us that we make worse decisions at 6pm than we do at 10am, for this reason.
Busy employees can easily overlook red flags, with potentially huge and damaging consequences for their organization.
But there are steps to take to see to it your organization isnt the next victim.
Education and enhancing digital literacy are key in protecting employers and organizations from the fast-evolving ways cybercriminals operate.
This includes comprehensive employee training programs focused on recognizing and responding to social engineering attempts.
With cybercriminals employing AI to advance their crimes, our defenses must be doing the same.
The best defense is the strong partnership between human awareness and AI-enabled security.
We’ve compiled a list of the best firewall software.
The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc.