In its frontline threat intelligence report for the first quarter of 2024, risk and financial advisory firm Kroll revealed that, as in virtually every other industry, cyber criminals are using artificial intelligence (AI) to further their goals. Well-known tactics such as those used in business email compromise (BEC) are being augmented with AI.
And, it added, security controls designed to reduce the success of BEC attacks, such as the requirement for verbal authentication of requests from C-suite executives, are being circumvented by using AI to clone the executives’ voices and create deepfake messages approving fraudulent transactions.
