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Generative AI Changes Everything You Know About Email Cyber Attacks

CyberSecurity Insiders

Widespread accessibility to generative AI tools, like ChatGPT, as well as the increasing sophistication of nation-state actors, means that email scams are more convincing than ever. 73% of employees working in financial services organizations have noticed an increase in the frequency of scam emails and texts in the last 6 months.

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The Rise of AI Social Engineering Scams

Identity IQ

The Rise of AI Social Engineering Scams IdentityIQ In today’s digital age, social engineering scams have become an increasingly prevalent threat. In fact, last year, scams accounted for 80% of reported identity compromises to the Identity Theft Resource Center (ITRC). This was a 3% increase compared to the previous year.

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Employee Spotlight: The Human Faces Behind Artificial Intelligence

Webroot

Coronavirus scams are spreading nearly as fast as the virus itself. Ransomware is one of the most common cyber-attacks, hitting thousands of businesses every year. They’ve grown more common recently, as they are one of the most lucrative forms of attacks. What else are you into besides threat intelligence?

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News alert: AI-powered web scrapers from Oxylabs are breaking new ground in fraud detection

The Last Watchdog

“Enterprises in the finance, banking, and telecommunications sectors are the most susceptible to online fraud, but it can happen to any company,” said Vaidotas Sedys , Head of Risk Management at Oxylabs. ML algorithms scan thousands of transactions, identifying hidden correlations or patterns, an impossible task for human risk analysts.

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MY TAKE: Account hijackers follow small banks, credit unions over to mobile banking apps

The Last Watchdog

As long as cyber attacks continue, financial institutions will remain a prime target, for obvious reasons. Yet, they are much less well equipped to detect and repel cyber attackers, who are relentlessly seeking out and exploiting the fresh attack vectors spinning out of expansion of mobile banking.

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Key Insights from the OpenText 2024 Threat Perspective

Webroot

The uptick is primarily attributed to attackers leveraging advanced tools like generative artificial intelligence (AI), which helps them craft malware that’s more sophisticated and adaptive. Similarly, consumers should stay updated on the regional trends to better prepare for prevalent scams and threats in their area.

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Security Affairs newsletter Round 443 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

PII Belonging to Indian Citizens, Including their Aadhaar IDs, Offered for Sale on the Dark Web Spain police dismantled a cybercriminal group who stole the data of 4 million individuals CISA adds second Cisco IOS XE flaw to its Known Exploited Vulnerabilities catalog Cisco warns of a second IOS XE zero-day used to infect devices worldwide City of Philadelphia (..)