AI becoming security concern for businesses [Video]

Artificial intelligence (AI) is becoming a cybersecurity concern for small business owners in Canada, according to a recent survey by the Insurance Bureau of Canada (IBC).

Forty-one per cent of people are anxious their business will be targeted by cyber attack and AI is one of those factors. Forty-four per cent have observed a rise in scam attempts over the past year,” said Mahan Azimi, IBC’s manager of catastrophic risk policy.

The survey reveals 65 per cent of small and medium-sized businesses are worried about AI being used for fraudulent purposes, such as cyber attacks.

The survey suggests language model tools like ChatGPT or Gemini are making messages more convincing and business owners are falling for them.

“We are seeing a proliferation of artificial intelligence into different attacks by cyber criminals. Everything from creating more scams like fraudulent emails, doing their research on targets,” said David Shipley, CEO of Beauceron Security.

Despite the fears of a …