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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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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.

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See No Evil, Hear No Evil: The Use of Deepfakes in Social Engineering Attacks

Security Boulevard

Artificial Intelligence (AI) is one of the most high-profile technology developments in recent history. The post See No Evil, Hear No Evil: The Use of Deepfakes in Social Engineering Attacks appeared first on The State of Security. It would appear that there is no end to what AI can do.

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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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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.

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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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