As reported by Tech Radar, Interpol has released a report highlighting the significant financial gains criminals are experiencing by leveraging generative artificial intelligence (GenAI) in their fraudulent activities. The international law enforcement agency states that GenAI-powered fraud is 4.5 times more profitable than traditional methods.The Interpol report, "Global financial fraud threat assessment," details how GenAI enhances phishing campaigns by improving content quality, making it harder to detect. Beyond phishing, criminals are utilizing AI for sophisticated deepfakes and voice cloning. The availability of "deepfake-as-a-service" kits on the dark web further lowers the barrier to entry for impersonation schemes. Interpol notes that AI has dramatically transformed social engineering techniques and victim profiling, enabling fraudsters to create highly persuasive fraud environments and scale operations exponentially with minimal investment.Looking ahead, Interpol also discussed the potential of agentic AI, which could enable autonomous, end-to-end fraud campaigns. While not yet widely adopted by criminals, this technology represents a future threat.Source: Tech Radar
You can skip this ad in 5 seconds