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Antwan Banks, the director of enterprise security at the National Motor Freight Traffic Association (NMFTA), recently sat down with Grace Sharkey from FreightWaves to discuss the escalating threat posed by cybercriminals. As the freight industry becomes increasingly digital, it faces new vulnerabilities that cybercriminals are eager to exploit.
Banks highlights a worrying trend: the incorporation of artificial intelligence (AI) by cybercriminals. This technological evolution makes phishing emails more sophisticated and challenging to identify. Banks warns of AI-enabled phone scams that can deceive employees into making unauthorized financial transactions.
Banks notes that while executives may not grasp the technical aspects of cybersecurity, they do understand risk and financial implications. He emphasizes the need to communicate cybersecurity risks in terms of potential financial impacts and risk management to gain executive support and investment.
According to Banks, phishing remains the most common method for successful cyber attacks, accounting for 90 to 95% of breaches. He advocates for employee training as a fundamental defense strategy, stressing that even the most advanced security systems can be compromised by a single careless action by an employee.
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