ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Genuine or Scam? AI Is Making Detection Of Email Fraud Challenging

NCSC alerts that soon, beginners can conduct complex phishing using generative AI tools.
PUBLISHED FEB 1, 2024
Image Source: Photo by Torsten Dettlaff |Pexels
Image Source: Photo by Torsten Dettlaff |Pexels

Artificial intelligence (AI) is advancing rapidly, and the UK's cybersecurity agency, the National Cyber Security Centre (NCSC), is warning that this progress comes with potential risks. The focus is on a particular type of AI called Generative AI, which can create convincing text, voice, and images. This technology is becoming more accessible to the public through tools like ChatGPT and free-to-use versions.

The NCSC is concerned that AI will make it tough for people to distinguish between genuine emails and phishing attempts. Phishing involves tricking individuals into revealing passwords or personal details. Due to the sophistication of AI tools, especially Generative AI, these phishing messages are becoming harder to identify.

Image Source: Photo by Pixabay |Pexels
Image Source: Photo by Pixabay |Pexels

Generative AI, along with large language models that power chatbots, is expected to increase the volume and impact of cyber-attacks over the next two years. The NCSC, which is part of the GCHQ spy agency, emphasizes the challenges in identifying various types of attacks, such as spoof messages and social engineering.

The NCSC predicts a rise in ransomware attacks, citing incidents targeting institutions like the British Library and Royal Mail in the past year. Ransomware involves hackers paralyzing computer systems, extracting sensitive data, and demanding cryptocurrency ransoms. The agency points out that AI's sophistication makes it easier for amateur cybercriminals to access systems and gather information.

Generative AI is already being used to craft deceptive content, making phishing attacks more convincing. This technology helps create fake documents that don't contain the usual errors, making it harder for individuals to recognize phishing attempts. While it doesn't necessarily enhance the effectiveness of ransomware code, Generative AI aids in sifting through and identifying potential targets.

Image Source: Photo by Tatiana Syrikov |Pexels
Image Source: Photo by Tatiana Syrikov |Pexels

The NCSC reports an increase in ransomware incidents, with 706 cases in the UK in 2022 compared to 694 in 2021. It raises concerns about state actors having enough malicious software to train AI models, creating new code capable of avoiding security measures. The agency suggests that highly capable state actors are likely to leverage AI in advanced cyber operations.

Despite the threats posed by AI, the NCSC acknowledges its potential as a defensive tool. AI can be used to detect cyber-attacks and design more secure systems. This dual role highlights the complexity of the AI landscape in the cybersecurity realm.

As a response to the increasing threat of ransomware, the UK government has introduced new guidelines encouraging businesses to improve their resilience. The "Cyber Governance Code of Practice" aims to elevate information security to the same level as financial and legal management. However, cybersecurity experts, including former NCSC head Ciaran Martin, call for stronger action. Martin emphasizes the need for fundamental changes in how public and private bodies approach the ransomware threat.

Cover image source: Pexels | Photo by Sora Shimazaki
Cover image source: Pexels | Photo by Sora Shimazaki

 

In conclusion, the rapid advancements in AI, particularly Generative AI, pose both opportunities and challenges in the cybersecurity landscape. While these technologies enhance the sophistication of cyber-attacks, they also offer potential solutions for defense. Striking a balance between leveraging AI for security measures and mitigating its misuse by cybercriminals is crucial in safeguarding against evolving threats.

MORE ON MARKET REALIST
With the Midterms next year, this crisis has become one of the key areas of conversation.
1 hour ago
Gyms are predicted to be popular in 2026 despite the advent of at-home fitness and virtual exercises, according to 86% of Americans surveyed.
2 hours ago
The host was not impressed with the question and said that it was shame that he knew the answers.
4 hours ago
He was overjoyed at first but that quickly turned into bitter disappointment.
5 hours ago
“Our AI-powered inventory management system is essential for supplying customers with what they need, when they need, and at the low costs," it stated.
7 hours ago
 “A program that provides roughly $50 an acre will not save the thousands of family farms that will go bankrupt before the end of the year," an expert stated.
8 hours ago
"This is another reason why I don’t like the Phrase category in the Bonus Round," a fan reacted.
12 hours ago
The host of the show was shocked upon hearing the answer and had to speak to the contestant's wife.
23 hours ago
Reports suggest these three companies with strong ties to AI can make it to the coveted club.
23 hours ago
Money manager Loius Navellier thinks the U.S. GDP could grow by 5% in 2026.
1 day ago
The contestant could have comfortably won the round but it was not meant to be.
1 day ago
The retailer's low price point may be a positive but product quality still matters.
1 day ago
The cost of raw beans, which account for at least 40% of production, has skyrocketed as a result of supply shortages.
1 day ago
The federal agencies have urged customers to keep it out of the reach of any kids.
1 day ago
The retailer has faced a lot of flak lately as people have been shocked and disappointed by its products.
1 day ago
On Christmas Eve, stores will have reduced hours, and on Christmas Day, all U.S. warehouses will remain shut.
1 day ago
Fans pointed that the puzzle was used twice during the early 2000s, and players had lost out on a car and the grand cash prize on both occasions. 
1 day ago
The airline said that it has made this policy change to be competitive in the market.
4 days ago
People do not usually think of Costco when planning a trip, but perhaps they should.
4 days ago
The retailer has done a fantastic job in diversifying its driver workforce and keeping them happy.
4 days ago