Stat(s) Of The Week: AI Can Perpetuate And Prevent Scams

stat of the week image AI-powered deepfake technology is already plaguing the business world, but using AI can lower companies’ cyber insurance costs, according to a pair of surveys flagged by Legal Dive this week.

Deepfakes are AI-manipulated images and messages that convincingly mimic real people, often for social engineering scams.

According to a survey of over 1,500 U.S. and U.K. finance professionals by Medius, 53% of businesses have been targeted with deepfake scams, and 85% of respondents consider them an “existential threat” to their companies.

But the news isn’t all bad.

A separate survey by Delinea found that half of U.S. companies use AI to combat scammers through practices like threat detection and monitoring — and that this is lowering their insurance costs.

“These advanced technologies are proving instrumental in reducing cyber insurance premiums,” Delinea wrote in a news release, “offering a strategic advantage to policyholders in an environment where overall insurance costs are on the rise.”

Companies lean on AI in push to curb cyber insurance costs [Legal Dive]
Deepfake scams escalate, hitting 53% of businesses [Legal Dive]

Jeremy Barker is the director of content marketing for Breaking Media. Feel free to email him with questions or comments and to connect on LinkedIn.

Reach Out

Don’t hesitate to reach out to us to discuss your specific needs. Our team is ready and eager to provide you with tailored solutions that align with your firm’s goals and enhance your digital marketing efforts. We look forward to helping you grow your law practice online.

Our Services:

Blog Post Writing

We do well-researched, timely, and engaging blog posts that resonate with your clientele, positioning you as a thought leader in your domain. Content Writing: Beyond blogs, we delve into comprehensive content pieces like eBooks, whitepapers, and case studies, tailored to showcase your expertise.

Website Content Writing

First impressions matter. Our content ensures your website reflects the professionalism, dedication, and expertise you bring to the table.

Social Media Management

In today’s interconnected world, your online presence extends to social platforms. We help you navigate this terrain, ensuring your voice is consistently represented and heard.

WordPress Website Maintenance

Your digital office should be as polished and functional as your physical one. We ensure your WordPress site remains updated, secure, and user-friendly.

For more information, ad placements in our attorney blog network, article requests, social media management, or listings on our top 10 attorney sites, reach out to us at seoattorneyservices@gmail.com.

Warm regards,