AI-Powered Phishing

Published on
December 4, 2023
AI-Powered Phishing

AI-Powered Phishing: A New Cyber Threat Landscape 

According to a report by SlashNext, there has been a 1,265% increase in malicious phishing emails and a 967% rise in credential phishing since late 2022. This surge is largely attributed to the use of advanced AI tools by cybercriminals. These tools, like ChatGPT, are being exploited to craft highly sophisticated and targeted phishing campaigns.

The daily average of phishing attacks now stands at approximately 31,000. The impact on businesses is severe, with BEC (Business Email Compromise) attacks alone resulting in about $2.7 billion in losses in 2022.

 

So, what does this mean for us?

As Chris Steffen of Enterprise Management Associates puts it, the days of easily spotted phishing emails are gone. Today's attacks are highly convincing, often imitating the styles of trusted sources or even colleagues. 

What can we do?

1. Continuous end-user education is key; organizations must build a security-aware culture.

2. Implementation of AI and machine learning-driven simulation practices is crucial to staying ahead of evolving threats.

3. Regular testing for vulnerabilities, along with enhancement of security infrastructure. A zero-trust strategy can offer substantial defense-in-depth.

Knowledge is power, but action is crucial. It's time to ramp up our defenses against these AI-powered threats. Stay safe and vigilant, everyone! #CyberSecurity #AI #Phishing #JerichoSecurity #StaySafeOnline

Reference: https://www.cnbc.com/2023/11/28/ai-like-chatgpt-is-creating-huge-increase-in-malicious-phishing-email.html