Hackers are increasingly using generative AI to target businesses in India, as reported by the Times of India. The emergence of generative AI has given cybercriminals a new tool to create convincing phishing messages that enable them to access corporate networks. Last year alone, nearly 75,000 financial phishing attempts were detected, with a significant 25% attributed to human error.
Financial phishing involves fraudulent activities related to banking, payment systems, and digital shops. Scammers send deceptive messages to individuals, urging them to click on malicious links to gain control of their systems. These messages often mimic notifications from banks, e-pay systems, and other trusted organizations, tricking users into sharing personal data.
According to Jaydeep Singh, General Manager for South Asia at Kaspersky, scammers employ fear tactics to manipulate users into divulging confidential information. They may threaten to block an account if the recipient fails to comply with their demands. Additionally, scammers often pose as trustworthy entities to deceive individuals and infect them with malware.
Kaspersky’s study revealed that 24% of cyber incidents against businesses in India result from employees intentionally violating security protocols. While tools can help address human error, a comprehensive approach involving employee education, skills development, and enhanced cyberattack detection systems is essential for effective defense.
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Frequently Asked Questions (FAQs) Related to the Above News
What is financial phishing?
Financial phishing involves fraudulent activities related to banking, payment systems, and digital shops. Scammers send deceptive messages to individuals, urging them to click on malicious links to gain control of their systems.
How do cybercriminals use generative AI in phishing attacks?
Generative AI is used by cybercriminals to create convincing phishing messages that mimic notifications from banks, e-pay systems, and other trusted organizations. This enables them to trick users into sharing personal data.
How many financial phishing attempts were detected in India last year?
Nearly 75,000 financial phishing attempts were detected in India last year.
What percentage of financial phishing attempts in India are attributed to human error?
A significant 25% of financial phishing attempts in India are attributed to human error.
How do scammers manipulate users into divulging confidential information?
Scammers employ fear tactics, such as threatening to block an account if the recipient fails to comply with their demands, to manipulate users into divulging confidential information.
What percentage of cyber incidents against businesses in India result from employees violating security protocols?
Kaspersky's study revealed that 24% of cyber incidents against businesses in India result from employees intentionally violating security protocols.
What approach is essential for effective defense against financial phishing attacks?
A comprehensive approach involving employee education, skills development, and enhanced cyberattack detection systems is essential for effective defense against financial phishing attacks.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
