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According to an analysis by Stocklytics.com, email phishing attacks have increased dramatically by more than 10X since the introduction of ChatGPT. Some firms reported a rise of as high as 1265% in these attacks.
RELATED: Leading VPN provider launches AI tool to prevent phishing attacks
Apart from creating AI tools like WormGPT, Dark Bart, and FraudGPT that produce malware and are spreading on the dark web, cybercriminals are exploring ways to exploit OpenAI’s flagship AI chatbot.
Stocklytics financial analyst Edith Reads shared insights on the data;
“Threat actors are using tools like ChatGPT to orchestrate schemes involving targeted email fraud and phishing attempts. These attacks often entice victims to click on deceitful links and disclose information, like usernames and passwords.”
Reads added: “During the last quarter of 2022, phishing attacks surged, with cybercriminals sending out approximately 31,000 fraudulent emails daily. This surge represented a 967% increase in credential phishing attempts.”
The full story and statistics can be found here: Email Security Firms Witness Over 10X Surge in Email Phishing Attacks Amid ChatGPT’s Emergence
