Team CryptoInsightfull 
11 May Artificial Intelligence Fueling Global Surge In Cybercrime
in Blogs
This week in cybersecurity from the editors at Cybercrime Magazine
– Read the Full Story in Euronews
Sausalito, Calif. – May 11, 2024
Cybercrime is evolving rapidly thanks to artificial intelligence.
Euronews reports that cybercriminals are targeting citizens and businesses around the world with sophisticated techniques and hard-to-detect scams that can fool even experienced executives.
Globally, it is estimated that the cost of cyberattacks in 2025 will exceed $10 trillion USD (€9.3 trillion), according to a report done by Cybersecurity Ventures.
Christos Xenakis, professor of cybersecurity at University of Piraeus in Greece, explains how artificial intelligence is helping criminals to develop complex and imaginative scenarios to deceive their victims.
Personalized attacks involve cybercriminals using video and audio publicly available online to mimic a person’s face and voice. These fake products are then used to make online video calls and request money from family or business partners.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
