Protecting against cyberthreats including ransomware involves a multi-layered approach .

There is no one-size-fits-all approach to training . For example , finance employees should be trained on scenarios related to request for payment transfers , Business Email Compromise and other real-world examples and recent security incidents etc . When employees see how security applies directly to their daily work , they ’ re much more likely to engage with the content and retain the information .

Cybersecurity risks can evolve quickly as bad actors adopt more sophisticated methods . Regular training sessions with bite-sized modules allow companies to update their training to include the latest trends and keep security top-of-mind throughout the year . Additionally , gamification of security awareness including embedding interactive learning experiences keep the users engaged .

Finally , use simple jargon free language for such programs and encourage open dialogue about security issues and make it easy for employees to report concerns .

What security risks have emerged since the arrival of Generative AI ?

We are obviously excited about what new forms of technology can do for payments from a security , experience and speed perspective . But bad actors also have access to these new forms of tech and are ‘ weaponising ’ them . Emerging Tech is increasing the sophistication of their attacks resulting in :

• Relentless rise of impersonation scams in various forms – Purchase / Romance / Investment

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