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AI-Driven Fraud and Impersonation: The New Face of Financial Crime

SecureWorld News

fraud losses from AI-driven scams are expected to skyrocket over the next few years, reaching an estimated $40 billion by 2027 (up from ~$12 billion in 2023). Both humans and security technologies are struggling to keep up with the fakes. For example, a deepfake phone call does not trigger any antivirus alert.

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Ransomware realities in 2023: one employee mistake can cost a company millions

Security Affairs

Furthermore, it’s estimated that this sum will increase to nearly $24 trillion by 2027. Caesars claimed that it had “identified suspicious activity in its information technology network resulting from a social engineering attack on an outsourced IT support vendor used by the Company.”

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EDR (alone) won’t protect your organization from advanced hacking groups

SC Magazine

It can’t account for differences in tool customization, the sophistication of the human team using it, and other layers of enterprise security (like firewalls or antivirus programs) that may catch or prevent the same attacks. There are some limitations to the research.

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EDR (alone) won’t protect your organization from advanced hacking groups

SC Magazine

It can’t account for differences in tool customization, the sophistication of the human team using it, and other layers of enterprise security (like firewalls or antivirus programs) that may catch or prevent the same attacks. There are some limitations to the research.

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How Asset Discovery Tools Work

Security Boulevard

According to Forrester and the Global Tech Spend Forecast, software and IT services will account for 69% of global tech spend by 2027. Frequently Asked Questions Why Is Asset Discovery Important? By tracking assets, organizations can reduce spend, minimize waste, better allocate resources, and secure their assets.