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Expect to see AI-enabled phishing campaigns, deepfake scams, and automated attacks grow in complexity. AI-powered scams will soar: As attackers leverage commoditized AI tools, scamsespecially romance, investment, and fraudwill grow more convincing and costly.
It could grow up to nearly $300 billion by 2026. However, the amount spent on cybersecurity is nothing compared to the amount of money projected to be lost by cybercrime. Is cybersecurity spending driving cybercrime? Your organization has likely experienced this increase, as well. Not likely.
For more information about protecting your organization against deepfakes: “ How to prevent deepfakes in the era of generative AI ” (TechTarget) “ Deepfake scams escalate, hitting more than half of businesses ” (Cybersecurity Dive) “ The AI Threat: Deepfake or Deep Fake? and abroad, according to the agency.
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