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How Can ChatGPT Harm Your Business Cybersecurity?

9th March, 2023

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In the digital era, cyber security threats and internet security risks are becoming increasingly common. One of the potential risks that businesses face is the use of artificial intelligence platforms such as ChatGPT.

While ChatGPT is doing wonders globally and raising questions of the power of AI, it is also important to take a look at how it can be a source of threat for your business operations.

  • ChatGPT security breach: Like any other online platform, ChatGPT is not immune to security breaches. A security breach can occur if a hacker gains unauthorized access to the platform's servers or database, resulting in the exposure of sensitive business data.
  • AI security risk: ChatGPT uses artificial intelligence (AI) to automate its chat functionality, which can pose a security risk. If the AI system is not secure, it can be manipulated by hackers to perform malicious actions, such as sending malware or stealing data. Criminals can use ChatGPT for malicious activity by manipulating the AI system to perform actions such as sending malware or stealing data, resulting in cyber attacks and data breaches.
  • Business data protection: Businesses can be at risk even if a single employee falls prey to increasing cyber attacks across the world. ChatGPT can be used to write professionally criminal minded codes and scripts that can be used on any other platform to gain information from any individual. If such information is leaked accidentally and the business network is not protected, there is a high chance of data loss.

According to Verizon's study, data loss can incur a cost of several thousand dollars to over $15 million, varying by the amount of data. Small data losses (less than 100 files) on average can cost between $18,000 to $35,000, while extensive breaches can lead to a cost of $15.6 million.