ChatGPT-like AI tools assisting cybercriminals to pull off shockingly effective online scams
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Online scams are rising phenomenally, and some experts believe that it is about to explode even further. According to a report by Scamwatch, an online scam-monitoring website, a total of 257,392 cases have been reported by October 2023, marking a sharp increase from 2022's 239,237 cases. Cybercriminals have begun taking the help of generative AI tools such as ChatGPT to start campaigns at a much faster rate and they are making their fake claims much more believable, indicating they will easily fool the victim with their nefarious tactics. Earlier, this was a huge problem for cybercriminals.Speaking with CBS MoneyWatch, Michael Bordash, senior vice president of US-based telecom company Syniverse, said, “Unfortunately, criminals are getting much better at writing English. ChatGPT i...