Recently, shocking facts have come to light in a survey conducted by cybersecurity company BioCatch among 1,440 banking and fraud prevention experts across 25 countries. According to the survey, 84 percent of experts believe that in the next one year, AI-based agents will become the biggest weapon for cybercriminals. 88 percent of experts said that AI has already made fraud more dangerous. 72 percent believe that in the future it will be very difficult to distinguish between humans and AI. 60 percent of experts fear that security measures will weaken due to AI. 76 percent of experts said that the rate of fraud in their field is increasing rapidly.
………….
Artificial Intelligence, which was once seen in science fiction movies, has today become a part of our daily lives, but the technology that was supposed to make people’s lives easier is now being used on a large scale by cybercriminals for cheating and fraud. Banks all over the world are worried about this threat.
………
The situation appears even more grim in India. 90 percent of Indian banking officials said that fraud attempts have increased in the past year. 84 percent of officials reported that the financial loss caused by fraud has increased. Earlier, cybercriminals had to put in a lot of effort to cheat a person. Now AI is helping them.
………
Criminals can create fake copies of a person’s voice or video using AI.
………
In many cases, people have transferred money after hearing the fake voice of their relative or officer.
………
Messages that look completely real are being prepared with the help of AI.
…….
These do not even have grammatical errors, which is why people are easily deceived.
………..
AI-based bots can target thousands of people simultaneously. Due to this, the speed of cheating has increased manifold compared to before.
………….
AI can copy people’s digital identity by analyzing information gathered from social media and the internet.
………..
Are only banks in danger? No, banks are only an example. The impact of AI-based cybercrimes can be on ordinary people, companies, government institutions, and even to change election results. In the coming years, criminals will use AI in a more organized gang-like manner than ever before. Several institutions have said that they have already faced AI-based attacks. Indian youth in Cambodia, Vietnam, and Myanmar are being forced to sit behind barbed wire walls with hundreds of thousands of SIM cards to commit cyber fraud. The more they loot people, the more facilities they or their family members are getting in India.
………….
AI in itself is neither good nor bad. It is a powerful technology. It is for human convenience, but the problem arises when criminals start using it. The survey data of BioCatch clearly shows that the world has entered a new era of cyber threat. If governments, companies, and ordinary citizens do not become vigilant in time, AI will become the most powerful weapon of cybercriminals in the coming years.
About the Author
