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Ransomware attacks have surged by nearly 300%, with small businesses being the primary targets. The integration of AI into business operations has heightened vulnerabilities, exposing small enterprises to various AI-driven security threats. Oxford Capital has identified key AI security threats that small businesses must address in 2024.
AI-powered phishing attacks have become more sophisticated, tricking employees into revealing sensitive information. Additionally, automated vulnerability exploits and deepfake scams pose significant risks, as cybercriminals leverage AI to manipulate and deceive. To combat these threats, small businesses are encouraged to adopt robust cybersecurity measures and stay informed about evolving AI risks.
• Ransomware attacks targeting small businesses increased by nearly 300%.
• AI-driven phishing attacks are now more convincing and personalized.
These attacks deceive employees into revealing sensitive information.
Small businesses are particularly at risk due to limited resources for updates.
Cybercriminals use deepfakes to manipulate employees into unauthorized actions.
The forum provides insights on global cybersecurity trends, including rising ransomware attacks.
The firm emphasizes backing UK-based cybersecurity solutions to combat AI-driven threats.
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