Artificial intelligence (AI) can be used as a tool for cybercrime activities, just like any other technology. AI can automate various cybercrime activities such as phishing attacks, social engineering, malware development, and even hacking. For example, attackers can use AI-powered bots to generate convincing phishing emails that trick victims into divulging sensitive information. Similarly, AI can be used to develop advanced malware that can evade traditional security measures.
However, it is worth noting that AI can also be used as a tool to enhance cybersecurity measures. AI can be used to develop advanced security systems that can detect and respond to cyber threats in real time. AI can also be used to automate security tasks such as threat detection, vulnerability assessment, and incident response.
Cybercrime statistics show that a minimum of 422 million individuals were impacted, according to the FBI’s internet crime records, with 800,944 complaints registered in 2022. Nearly 33 billion accounts will be breached in 2023, with the cost of these breaches predicted at $ 8 trillion.
