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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Crooks created a new tool that uses Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and BEC. Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams.

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Hackers using AI Hologram to conduct identity theft

CyberSecurity Insiders

Hackers are now using AI deepfake technology to impersonate C level employees of tech firms to dupe meeting respondents and the latest to fall victim to such a digital attack was a senior official of Binance, a company that is into the trading of cryptocurrency.

Insiders

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Cybersecurity in the Metaverse Will Require New Approaches

eSecurity Planet

In terms of the metaverse platform, there will likely be a wide assortment of cutting-edge technologies like artificial intelligence (AI), natural language processing (NLP), sophisticated 3D graphics, high-end sensors, edge computing , blockchain payments, and so on. But in the meantime, there are still various security challenges.

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New Cyberthreats for 2021

Adam Levin

Many of the contact tracing scams of 2020 similarly followed social engineering scripts that have been used in taxpayer identity theft schemes since the 1990s as well. A deepfake is a combination of Artificial Intelligence “deep learning” and that watchword of the 2010s: “fake.”.

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The Rise of AI Social Engineering Scams

Identity IQ

In fact, last year, scams accounted for 80% of reported identity compromises to the Identity Theft Resource Center (ITRC). However, the emergence of artificial intelligence (AI) has taken these scams to a whole new level. This was a 3% increase compared to the previous year.

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Too Much Holiday Cheer? Here’s Something to Fear: Cybersecurity Predictions for 2020

Adam Levin

Cryptocurrency miners will continue to get rich off of stolen electricity. Related to the botnet craze, we will see an increase in computing power theft used to mine cryptocurrency. More employers will offer their employees identity protection products and services as part of their paid or voluntary benefits programs. (An

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BEC Still #1, but Investment Fraud passes Romance Scams

Security Boulevard

The criminals have discovered how many people don't understand investing in cryptocurrency and have turned Investment Scams into a new money factory. . #1 Identity Theft. The theory was that their advanced Artificial Intelligence was doing Bitcoin trading to make amazing profits. But this year, we had a change!

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