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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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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. Phishing attacks. Spear phishing attacks.

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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. Phishing/Vishing/Smishing/Pharming. The theory was that their advanced Artificial Intelligence was doing Bitcoin trading to make amazing profits.

Scams 98
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Cybersecurity in 2022, Predictions for digital ecosystem facing more challenges and sophisticated threats

CyberSecurity Insiders

Also, that threat actors, especially state-sponsored, and criminal enterprises would take advantage of the expanding cyber-attack surface by using their resources to employ more sophisticated means for discovering target vulnerabilities, automating phishing, and finding new deceptive paths for infiltrating malware.

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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

Approximately 30% of phishing web pages were related to Covid-19. In April 2020, Google reported 18 million instances per day of malware and phishing email sent via its Gmail service using Covid-related topics as a lure. Phishing emails were a prevalent mode of attack, and they have been in circulation since at least the mid-1990s.

IoT 130
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Too Much Holiday Cheer? Here’s Something to Fear: Cybersecurity Predictions for 2020

Adam Levin

As long as humans are well……human, phishing attacks will lead to ransomware infecting more and more networks, and businesses, municipalities and other organizations will continue to pay whatever they must in order to regain control of their data and systems. Ransomware will continue to thrive. The cloud will leak.