There is a new concern in the cybersecurity industry as cybercriminals are utilizing an AI-powered tool called FraudGPT to carry out a variety of cybercrimes, including phishing and generating malware that is difficult to detect.
This poses a significant challenge for cybersecurity professionals as they work to combat the dangers of this advanced technology.
Table of Contents
FraudGPT is becoming popular on Dark Web.
The cybersecurity community recently faced another setback with the emergence of FraudGPT, a new AI-based tool for generating cybercrime.
Netenrich security researcher Rakesh Krishnan brought attention to its existence, warning about its dangers. FraudGPT can be found on dark web marketplaces and secretive Telegram channels and boasts a range of offensive capabilities.
Unmasking the Threats
Cybercriminals have been known to use phishing as a technique for a long time, but with the advent of FraudGPT, the game has changed completely.
Phishing is a type of cybercrime and online scam where attackers use deceptive methods to trick individuals into revealing sensitive information, such as login credentials, credit card numbers, or personal details
This sophisticated tool relies on AI technology to enable even inexperienced actors to launch successful phishing and BEC attacks on a large scale.
This could lead to severe consequences, such as unauthorized wire payments and the theft of sensitive information.
Other EVIL features
- Provides a range of features and tools for malicious purposes.
- Includes spear-phishing emails, cracking tools, and carding capabilities.
- Operates anonymously, making it difficult to trace the perpetrators.
FraudGPT is doing well in business.
The world of cybercrime is driven by profit, not altruism. FraudGPT follows suit and offers a subscription for $200 per month.
Discounts are available for six-month and yearly subscriptions, priced at $1,000 and $1,700, respectively. This payment model makes it easier for those who seek to exploit its abilities to access it.
Additionally, it has been revealed that another LLM, PoisonGPT, is responsible for spreading false information. However, there is currently no data available on sales or reviews for this particular language model. These instances highlight the need to stay alert and cautious against possible cybersecurity risks.
| LLM | Tool Name | Confirmed Sales | Positive Reviews |
|---|---|---|---|
| Unknown | FraudGPT | 3,000+ | Yes |
| Unknown | PoisonGPT | N/A | N/A |
The Actor Behind FraudGPT
An online user, who goes by the alias “CanadianKingpin“, has taken credit for creating FraudGPT – an AI bot that is designed to cater exclusively to cyber criminals.
Despite the anonymity, it is clear that this AI bot poses a serious threat.
We cannot afford to stop innovating because criminals won’t stop either.
As time progresses, criminals will continue to use advancements in technology to improve their criminal activities. While ethical safeguards can be implemented into tools like ChatGPT, it is not difficult for these safeguards to be removed and the technology to be misused.
In this context, we are specifically referring to phishing, which is the initial attempt to gain access to a system. Although traditional tools can still identify AI-powered phishing attempts, it is also crucial to detect subsequent actions taken by the attacker. To prevent a phishing email from becoming a serious threat like ransomware or data theft, it is essential to employ a defense-in-depth strategy that utilizes all available security telemetry for quick analysis.
Conclusion
In conclusion, the appearance of FraudGPT highlights the concerning rise of cybercriminals using AI for sophisticated attacks. We must stay vigilant and take proactive steps to protect ourselves and our data from the growing threat of AI-powered cybercrime.
Safeguarding sensitive information becomes crucial as technology evolves. Let’s prioritize cybersecurity to stay safe in this digital age.
1 thought on “FraudGPT’s emergence underscores the alarming trend of cybercriminals using AI.”