As businesses continue to integrate emerging technology like AI/ML to become more efficient in operation and continue to bring something new for their customers, cybercriminals have started using AI-based tools to orchestrate attacks.
Statista-based research found over 53 percent of hackers may use ChatGPT to craft phishing emails that may seem more legitimate. Over 49 percent of cyber attackers who are less experienced in technical tools may use it to sharpen their skills.
Another such tool is Fraud GPT, a chat-based tool that has peaked in usage by cybercriminals worldwide since July. But what is Fraud GPT? and what are the threats associated? Let us find out.
FraudGPT: What you should know
Enter into a new age of cybercrime where cyber criminals tailor phishing campaigns using a customized chatbot tool they can easily purchase on the dark web at as much as $200.
Fraud GPT is much like Worm GPT, a chat-based tool that cybercriminals use to tailor malicious codes and viruses with a few chat commands.
As per CERT-IN Fraud, GPT-based attacks have grown rapidly, affecting hundreds of businesses worldwide since July 2023. FraudGPT is becoming more and more popular among cyber criminals who are looking to steal sensitive data from a large number of users using a tool that can help them orchestrate multiple cyber threats to businesses.
Here are all the plausible cyber threats that Fraud GPT poses:
An educational tool for cybercriminals
- Beginner-level cybercriminals can use it to educate themselves in cyber-attacking and different techniques. They are using FraudGPT to bridge their awareness and skills gap in cyber attacks by learning about the latest tactics, techniques, and procedures and using them to exploit the security flaws of a business.
- What makes it dangerous is that cyber attackers of any skill level can use this tool to orchestrate highly complex cyberattacks.
Phishing tool
- It can create super realistic phishing texts, emails, and websites to phish victims of all their sensitive data. It can also be used as a spear-phishing tool to create emails, luring specific users to give away their sensitive information. Even attackers who aren’t native English speakers can use this tool to write almost genuine mail in English.
Cyber attacking tools
- It is a big wake-up call for cybersecurity experts since this tool has single-handedly put more power in the hands of even the most amateur hackers. It assists cyberattackers in creating malicious tools that they can use to orchestrate sophisticated attacks that are not only untraceable but also quite damaging to the infrastructure.
- More such tools emerge as we descend into the digital future. It is critical to secure the most sensitive information assets from such AI and ML-based threats.
What better way to fight fire with fire?
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