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
A recently released study showed the figures that were tracked throughout 2024.
9 hours ago
“We have a fiscal problem,” Romer said. “If we don’t solve it, that will create problems for everybody, including the Fed.”
9 hours ago
The move comes as part of Trump's tactics to make immigration into America more costly and difficult.
12 hours ago
Under Robert F. Kennedy Jr., the Trump administration has significantly slashed vaccinations against diseases.
14 hours ago
The image showcased an upgraded airline seat with plenty of legroom, but no in-flight entertainment screen and a reverse orientation.
14 hours ago
Despite the understated nature of some jobs across various industries, they are always in high demand.
15 hours ago
"Alison didn't get the letter combo right, but she still managed to do a backflip! $45K and cruise!" a fan reacted.
21 hours ago
Things turned out for the better for the shopper in the end, but the miscommunication was incredible.
1 day ago
The Democrat has worked as a Senator, Vice President, and President, allowing him to earn big.
1 day ago
The subway system is used by thousands but it is not in the best shape to be that expensive.
1 day ago
Zohran Mamdani only recently took the oath as a New York mayor and has already been underestimated.
1 day ago
"Happy New Year" is the theme for this week, but for bonus rounds, it should be Unhappy New Year," a fan reacted.
1 day ago
The Affordable Care Act subsidies came to an end which will raise healthcare premiums.
4 days ago
According to WARN Tracker, big names like are set to lay off more workers.
4 days ago
As the ACA subsidies came to an end in 2025, healthcare premium prices are set to go up.
4 days ago
The prices of 350 drugs will be increased by some notable companies like Pfizer and Sanofi.
4 days ago
The tariffs will hit consumers a lot worse in 2026 than the impact they had in 2025.
4 days ago
The divergence in the recovery of income levels of the poor and the rich is likely to keep growing.
4 days ago
Maureen couldn't make it because of her choice of words, despite performing well earlier.
4 days ago
"Bruh, this guy solved all the most random puzzles on the other rounds no one would ever think of, but failed to do the easy bonus round," a fan reacted.
4 days ago