AI-Powered Scammers Exploit Sophistication in Attacks: Security Expert Warns
Summary:
Artificial intelligence (AI) is enabling scammers to execute sophisticated attacks on a large scale, warns Richard Ma, co-founder of Web3 security firm Quantstamp. By using AI, hackers are becoming more convincing in their social engineering attacks, increasing the success rate of their scams. These AI-powered attacks add complexity, making people more likely to share important information. Ma advises using internal communication channels, such as Slack, instead of email, and investing in anti-phishing software to combat these scams. The battle between humans and convincing AI is just beginning.
Artificial intelligence (AI) is proving to be a boon for scammers, as it gives them access to sophisticated tools that can help them carry out large-scale attacks, warns Richard Ma, the co-founder of Web3 security firm Quantstamp. Ma explains that while social engineering attacks have been around for a while, AI is enabling hackers to become more convincing, which in turn increases the success rate of their attacks. One example he cites is an attack where the scammer posed as the CTO of a targeted firm and engaged in extensive conversations before asking for any favors. These types of AI-powered attacks add complexity and make it more likely for victims to fall prey to sharing important information. Ma also highlights the scalability of these attacks, as AI systems can be automated to target multiple organizations simultaneously with minimal human involvement. To protect against such scams, Ma advises individuals and organizations to avoid sending sensitive information via email or text, suggesting the use of internal communication channels like Slack instead. Additionally, he recommends investing in anti-phishing software to filter out automated emails from bots and AI. According to Ma, we are just at the beginning of an arms race between humans and convincing AI, and distinguishing between the two will only become more challenging.
Published At
9/5/2023 1:58:00 AM
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