Remove Artificial Intelligence Remove Cybercrime Remove Phishing Remove Social Engineering
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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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Social engineering, deception becomes increasingly sophisticated

Security Affairs

Social engineering techniques are becoming increasingly sophisticated and are exploiting multiple emerging means, such as deep fakes. The increasing use of videoconferencing platforms and the various forms of remote work also adopted in the post-emergency covid make interpersonal collaborations increasingly virtual.

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

The Last Watchdog

Phishing is one of the most common social engineering tactics cybercriminals use to target their victims. Cybersecurity experts are discussing a new trend in the cybercrime community called phishing-as-a-service. Phishing-as-a-Service (PhaaS). Related: Utilizing humans as security sensors. Rising popularity.

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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.

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

The Last Watchdog

The funding will be used for core research and development to build new AI technology and products to protect against generative AI threats, such as deepfake social engineering and autonomous fraud. While billions have been spent on security products, the impact of cybercrime has actually been getting worse.

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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. The scam began with the employee receiving a phishing message purportedly from the company's chief financial officer requesting an urgent confidential transaction.

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Europol warns of criminal use of ChatGPT

Security Affairs

Europol warns of cybercriminal organizations can take advantage of systems based on artificial intelligence like ChatGPT. EU police body Europol warned about the potential abuse of systems based on artificial intelligence, such as the popular chatbot ChatGPT, for cybercriminal activities.