AI

AI is transforming more than just innovation—it’s now supercharging cybercrime. A new breed of AI-enhanced crypto hackers is using bots to automate, scale, and evolve attacks with frightening precision.

The rise of AI has not only revolutionized industries but also reshaped cybercrime. Phishing attacks, once riddled with spelling errors and obvious flaws, now mimic trusted contacts with frightening accuracy, leveraging AI tools like generative chatbots and deepfake technology. From hyper-personalized spear phishing emails to cloned voices in vishing scams, attackers are scaling their efforts like never before.

According to the official press release, the UK government unveiled measures to protect AI models from hacking and sabotage, aiming to set a global benchmark and drive economic growth. This comes as the cyber security sector reports a 13% growth, now valued at nearly £12 billion. At CYBERUK, Technology Minister Saqib Bhatti announced two new codes of practice to enhance cyber security in AI and software, making products resilient against tampering and boosting confidence in AI across industries. In the past year, 50% of businesses and 32% of charities faced cyber breaches, with phishing being the most common attack.

AI remains a significant focus in cybersecurity, with its influence surging in 2023, surpassing traditional cybersecurity strategies, as reported by Forbes. This surge has exposed vulnerabilities, raising concerns about the escalating costs of cybersecurity and the growing threats to privacy and cyber warfare.

According to researchers, in 2024, phishing attacks are surging as cybercriminals harness AI for more sophisticated schemes. With tailored lures and automated tactics, hackers are streamlining efforts, making breaches faster and harder to detect.