Almost half (46%) of companies noticed a rise in deepfakes and generative AI-related fraud final yr, a brand new report from AuthenticID has discovered.
Moreover, phishing makes an attempt elevated by 76% in 2024, and greater than 90% of cyberthreats have been pushed by social engineering.
The report additionally famous an increase in workplace-related fraud, together with worker impersonation and account takeover.
“Workforce and worker fraud is growing, as fraudsters are focusing on varied factors alongside the worker id lifecycle,” the researchers write. “Fraud can happen at any level in an worker’s tenure, merging each exterior and inner threats.
Dangerous actors can use a wealth of stolen PII, artificial identities, and AI expertise to persuade employers they’re a legit, certified worker with a legitimate id— and as soon as they’ve entry to your group’s methods, they’ll commit vital fraud. With the median international loss because of worker fraud at $145,000 in 2024, making it the world’s costliest kind of monetary fraud, it’s essential for organizations to make sure their workforce is who they are saying they’re.”
The report factors out that social engineering techniques are rising much more subtle as AI instruments enhance.
“Social engineering assaults aren’t new, however they’re coming into a brand new period: hyper-personalization,” the researchers write. “As AI instruments proceed to develop, it’s more and more simpler for unhealthy actors to hone in on plausible, reasonable human behaviors, feelings, and actions to not solely mimic genuine people, however to control victims’ habits. The flexibility of attackers to impersonate legit people, organizations and/or requests is getting higher, with various new techniques to help them.”
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AuthenticID has the story.