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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. These posts introduced a new tool that incorporates Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and Business E-Mail Compromise (BEC).

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Cybersecurity Event Cancelled After Being Hit By Cybercriminals

Joseph Steinberg

An online cybersecurity event with 2,500 people already logged in had to be cancelled after suspected cybercriminals launched a social engineering attack in the event’s chat window. Shortly after such messages appeared, the AICD, in order to protect attendees, cancelled the event, and contacted local law enforcement.

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Tackling Cyber Threats: Is AI Cybersecurity Our Only Hope?

Jane Frankland

Could artificial intelligence (AI) be the key to outsmarting cyber threats in an increasingly connected world? These are questions I’ve been asking myself recently as AI and cybercrime have become hot topics in the tech industry, and for world leaders. Is it our only hope for survival?These

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GUEST ESSAY: The rise of ‘PhaaS’ — and a roadmap to mitigate ‘Phishing-as-a-Service’

The Last Watchdog

Cybersecurity is a top concern for individuals and businesses in the increasingly digital world. Phishing is one of the most common social engineering tactics cybercriminals use to target their victims. Phishing is one of the most common social engineering tactics cybercriminals use to target their victims.

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News alert: Reken raises $10M from Greycroft to protect against generative AI-enabled fraud

The Last Watchdog

31, 2024 – Reken, an AI & cybersecurity company, today announced the close of its $10M oversubscribed seed round, led by Greycroft and FPV Ventures. Ghosemajumder “Generative AI cybercrime poses the greatest security challenge of our time,” said Shuman Ghosemajumder, co-founder & CEO of Reken. San Francisco, Calif.,

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Hong Kong Clerk Defrauded of $25 Million in Sophisticated Deepfake Scam

SecureWorld News

As artificial intelligence continues advancing at a rapid pace, criminals are increasingly using AI capabilities to carry out sophisticated scams and attacks. In the past, fraud often relied on simplicity and social engineering to trick victims. Follow SecureWorld News for more stories related to cybersecurity.

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Research Examines WormGPT, an AI Cybercrime Tool Used in BEC Attacks

SecureWorld News

In its latest research , SlashNext—a provider of multi-channel phishing and human hacking solutions—delves into the emerging use of generative AI, including OpenAI's ChatGPT, and the cybercrime tool WormGPT, in Business Email Compromise (BEC) attacks.