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
Things like these don't usually happen on the show but Drew Carey was ready with his feet.
14 hours ago
The host won a lot of hearts with this gesture which will go down as one of the show's best moments.
16 hours ago
Carey was smiling while Mary was scrambling for answers in a state of confusion.
18 hours ago
The producers may not be with Harvey on stage but sometimes they join the fun.
19 hours ago
Drew Carey tried his best to get something out of the contestant but to no avail.
20 hours ago
Even the veteran host was caught off-guard by Rachel Reybnolds's lesser-known skill.
1 day ago
The contestant was loved by the studio audience who gave a massive cheer as she went on stage.
1 day ago
Fans complained that Carey maybe getting too old to take all the physicality during celebrations.
2 days ago
Everyone has their own preferences but few people ever talk about this stuff on national TV.
2 days ago
Drew Carey cares about his co-workers but he also doesn't hesitate to laugh at their expense.
2 days ago
It's a moment of happiness when someone gets a deal on the show but it doesn't always end well.
2 days ago
The models on "The Price is Right" are usually quite adept at their jobs but mistakes happen.
3 days ago
The models on the show are usually nice to contestants but this was a confrontation.
3 days ago
Steve Harvey really got agitated in this moment and he made no attempt to hide his feelings.
3 days ago
Lancaster did regain her balance but she caused collateral damage to save herself from embarrassment.
3 days ago
The contestant didn't lose her enthusiasm despite the fall which is admirable.
3 days ago
Steve Harvey is a patient host but some things just get on his nerves and he makes it clear.
4 days ago
The veteran host could not control his laughter after realizing the prank his colleagues had pulled.
4 days ago
Few people expected those words to come from the new host of the popular game show.
4 days ago
The Price is Right has always seen emotional contestants but this moment was just epic.
5 days ago