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.
The TOI Tech Desk is dedicated to delivering the latest technology news to readers of The Times of India. Their coverage spans gadget launches, reviews, trends, in-depth analysis, and breaking stories in the tech realm. From AI advancements to cybersecurity updates, TOI Tech Desk ensures accurate and authentic news delivery.
Frequently Asked Questions (FAQs) Related to the Above News
What is generative AI and how are hackers using it to target businesses in India?
Generative AI is a type of artificial intelligence that can generate realistic text, images, and other content. Cybercriminals are using generative AI to create convincing phishing messages that trick individuals into sharing personal and confidential information.
What is financial phishing and how does it work?
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 trusted organizations, tricking users into sharing sensitive data.
What are some tactics that scammers use to manipulate individuals into sharing confidential information?
Scammers often employ fear tactics, such as threatening to block an account if the recipient fails to comply with their demands. They may also pose as trustworthy entities to deceive individuals and infect them with malware.
How can businesses in India better defend against financial phishing attacks?
A comprehensive defense approach involving employee education, skills development, and enhanced cyberattack detection systems is essential for effective defense. Addressing human error through tools and training can help reduce the risk of falling victim to financial phishing attacks.
Where can readers find the latest technology news in India?
Readers can find the latest technology news in India from The Times of India's TOI Tech Desk. They cover gadget launches, reviews, trends, in-depth analysis, and breaking stories in the tech realm, ensuring accurate and authentic news delivery.
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.
