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Top 5 Risks of Artificial Intelligence

IT Security Guru

Artificial intelligence (AI) technology functions in a manner that helps ease human life. Discussed below are the top five risks of artificial intelligence. Threat actors can leverage the same AI tools meant for human good to commit malicious acts like scams and fraud.

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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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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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How to Avoid Being Scammed When Giving Charity

Joseph Steinberg

While evildoers perpetrate charity-related scams throughout the year, they know that the holiday spirit in general, and the concentrated focus on charity on Giving Tuesday specifically, both improve their odds of success. Here are 9 ways to protect against charity-related scams: 1. Confirm that a charity is real.

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Scammers Steal Over $25 Million By Using AI Deepfake Video Call To Convince Suspicious Employee That A Phishing Email Is Legitimate

Joseph Steinberg

The worker however, was aware of phishing scams, and was suspicious that the request from the firm’s CFO to issue the $25 Million payment was fraudulent. The reality is, however, that artificial intelligence (AI) has reached the point that no person is immune to such forms of trickery.

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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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Free COVID-19 Masks Arriving At People’s Homes Across The USA Are Likely Part Of A Cyber Scam

Joseph Steinberg

While some folks who receive such items may feel lucky – protective gear can sometimes be difficult to find in local stores – these “gifts” appear to be part of a cyber-scam, sometimes known as “ brushing ,” about which you should be familiar.

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