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AI phishing attacks are on the rise, and small businesses are smack in the crosshairs. Hackers are now using AI chatbots to spin up phishing messages so slick, you’d swear they were written by your bank’s own customer service team. These messages trick folks into handing over login credentials, banking info, or even access to internal company systems, no brute force needed, just one click on the wrong link.
A recent fraud case involving a $17 million scheme tied to North Korea highlights the importance of financial security and due diligence for businesses of all sizes. This case is a stark reminder that fraud can occur at any level, often exploiting vulnerabilities in business operations and financial oversight. The methods used in large-scale fraud schemes are often the same as those targeting smaller enterprises, making it imperative for business owners to stay informed and proactive.