October 16, 2024 at 07:45AM Cybercriminals are increasingly using AI to enhance their capabilities, although much of the hype surrounding AI in cybercrime lacks substance. Currently, AI is mainly applied to simple tasks like phishing and code generation. However, security risks exist, particularly with custom AI tools, raising concerns over sensitive data exposure. ### Meeting … Read more
April 11, 2024 at 06:06PM LastPass recently reported an attempted deepfake audio attack on one of its employees impersonating the CEO, using WhatsApp, an uncommon business channel. The attack failed, but LastPass shared details to raise awareness of AI-generated deepfakes in executive impersonation fraud. The rise in deepfake attacks prompted alerts and advice from organizations … Read more
February 5, 2024 at 05:28PM Deepfake creation software is rapidly spreading on the Dark Web, leading to an increase in AI-assisted financial fraud. In a recent incident, a Hong Kong-based employee fell victim to a deepfake scam, resulting in $25.5 million in fraudulent transactions. The availability of sophisticated deepfake tools poses a significant challenge for … Read more