Cyber criminals wielding FraudGPT; AI’s new threat demands your safety

TLDR:

• Cybersecurity experts warn that AI is empowering cybercriminals and making them more dangerous.
• FraudGPT is an AI chatbot that is being used by cybercriminals to trick individuals into revealing sensitive information or performing harmful actions.
• FraudGPT can generate phishing scams, engage in social engineering, distribute malware, and facilitate fraudulent activities.
• The risks of AI in cybersecurity are increasing as AI tools become cheaper and more accessible.
• To stay safe from FraudGPT and other AI-powered cyber threats, individuals and businesses should implement robust cybersecurity practices and stay informed.

A panel of cybersecurity experts at the World Economic Forum discussed the challenges faced by law enforcement agencies due to the increasing use of AI and deepfakes by cybercriminals. According to Jürgen Stock, Secretary General of INTERPOL, global law enforcement is struggling to keep up with the sheer volume of cybercrime. He mentioned that fraud is entering a new dimension with the help of devices connected to the internet, and cybercrime is on the rise worldwide.

One specific technology mentioned during the discussion is FraudGPT, an AI chatbot based on ChatGPT. This malicious chatbot enables cybercriminals to generate convincing and realistic text that can trick individuals into taking actions they normally wouldn’t. FraudGPT can be used for various malicious purposes, such as phishing scams, social engineering, malware distribution, and fraudulent activities.

While AI has enhanced cybersecurity tools, it has also become a risk factor in cybersecurity. The increasing accessibility and affordability of AI tools make the scope of cyberattacks even wider. Even individuals with little technological know-how can carry out devastating cyberattacks like DDoS attacks with the help of AI.

To stay safe from AI-powered cyber threats like FraudGPT, it is crucial to implement robust cybersecurity practices and stay informed. Proactive measures and vigilance can help individuals and businesses fortify their defenses against these emerging dangers and create a safer digital environment for everyone.