Remove Artificial Intelligence Remove Cryptocurrency Remove Identity Theft
article thumbnail

Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Crooks created a new tool that uses Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and BEC. Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams.

article thumbnail

Hackers using AI Hologram to conduct identity theft

CyberSecurity Insiders

Hackers are now using AI deepfake technology to impersonate C level employees of tech firms to dupe meeting respondents and the latest to fall victim to such a digital attack was a senior official of Binance, a company that is into the trading of cryptocurrency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cybersecurity in the Metaverse Will Require New Approaches

eSecurity Planet

In terms of the metaverse platform, there will likely be a wide assortment of cutting-edge technologies like artificial intelligence (AI), natural language processing (NLP), sophisticated 3D graphics, high-end sensors, edge computing , blockchain payments, and so on. But in the meantime, there are still various security challenges.

article thumbnail

Dark Web Data Markets: The Alarming Trade of Stolen Social Media Information

Hacker's King

Introduction to Dark Web Data Markets The dark web is a hidden part of the internet that has become a major concern for cybersecurity, especially regarding dark web identity theft. In about recent years 9 million identities experienced identity theft, showing the urgent need for awareness and protective measures against these threats.

Media 52
article thumbnail

BEC Still #1, but Investment Fraud passes Romance Scams

Security Boulevard

The criminals have discovered how many people don't understand investing in cryptocurrency and have turned Investment Scams into a new money factory. . #1 Identity Theft. The theory was that their advanced Artificial Intelligence was doing Bitcoin trading to make amazing profits. But this year, we had a change!

Scams 98
article thumbnail

The Rise of AI Social Engineering Scams

Identity IQ

In fact, last year, scams accounted for 80% of reported identity compromises to the Identity Theft Resource Center (ITRC). However, the emergence of artificial intelligence (AI) has taken these scams to a whole new level. This was a 3% increase compared to the previous year.

article thumbnail

Consumer and privacy predictions for 2025

SecureList

Similarly, Kaspersky GReAT discovered a scheme devised by the Lazarus group, which developed a malicious decoy game disguised as a legitimate P2E platform containing sophisticated malware designed to steal cryptocurrency and sensitive user data.