4 Ways Cybercriminals Are Using AI and What You Can Do About It?

Cyber Criminal Vectors by Vecteezy

Cybercriminals Are Using AI. Here A Some Things You Can Do!

News about data breaches and cybersecurity attacks targeting businesses is nothing new. They frequently made headlines and gave businesses something to worry about but what happened in March 2019 sent chills down their spine. In an interesting turn of events, cybercriminals used AI software to mimic the voice of the CEO of a company and stole $243,000. You might be wondering how it is possible. Here is how it all panned out.

The CEO of the UK-based energy company made a phone call to an executive and asked them immediately to transfer $243,000 to an account that appears to belong to a Hungarian supplier. Within a few hours, the money landed into the accounts of cybercriminals located in Latin America.

With just a single phone call, hackers have successfully managed to bypass all the security controls which are in place to prevent any such incident. AI experts, law enforcement authorities, and cybersecurity experts all believe that cybercriminals will continue to use AI to automate cyber-attacks. In addition to this, the use of artificial intelligence will make cyber-attacks more dangerous and harder to detect.

The best way to deal with such a situation is to know how cybercriminals will use AI to their advantage. What tactics might they use? Develop a strategy to protect against those attacks. You must take a proactive approach to cybersecurity and think like a hacker in order to block such attacks. Put yourself in the shoes of a hacker and look at things from their perspective.

In this article, you will learn about how hackers are using AI to their advantage and what you can do to protect against such attacks.

  • More Complex and Sophisticated Attacks

Hackers are always looking for vulnerabilities in your system that allow them openings to get into your system. Once they find that, they look for ways to exploit those vulnerabilities. They choose a method that helps them to fly under the radar and break into your system without getting noticed.

With AI in their corner, they can not only double, triple, or even quadruple the number of attacks but can also increase the complexity of those attacks, making it tough for businesses to detect and protect against such attacks. 

What’s even worse is the fact that AI can also help cybercriminals to protect their anonymity and can launch long-distance attacks. Moreover, hackers can also use AI to deliver malicious malware which can bring your entire business down to its knees.  AI-based attacks are more tailored, hence more effective.

Organizations should look to invest in risk-based controls and focus on improving their cybersecurity program. Educate your employees about the latest threats and develop a prevention, identification, and response mechanism to deal with AI-based attacks. Businesses should look to fight AI and machine learning-based attacks with AI and machine learning.

  • Increasing the Attack Surface

As businesses expand, so does their infrastructure. They buy dedicated servers. This means that they store more data and use sophisticated technologies. One of the best examples of this is IoT and BYOD. With more and more businesses jumping on the IoT bandwagon and allowing their employees to bring their own devices, the number of devices will skyrocket. 

This is great news for cybercriminals as they have more devices to target. This also increases the surface area of attacks. The more your business relies on these devices, the higher will be the risk.

This allows cybercriminals to target your critical business processes, which can have negative internal and external consequences for your business. To counter this, businesses will have to identify their critical business assets and safeguard those assets instead of protecting everything. For instance, you can safeguard your data centers because they store your critical business data.

  • Disrupting Cybersecurity Operations

As cybersecurity professionals, you are expected to block cybersecurity attacks every time. Unfortunately, that is not the case when it comes to hackers. They only have to break through once. Once they get access to your data, they can do anything they want. This makes protecting your business against AI-based attacks even more difficult.

Organizations should enhance their cybersecurity capabilities and hire a team that can implement security processes and technologies the right way to minimize the risk. Most cybercriminals will look to disrupt your cybersecurity operations. Hackers will automate the most resource-hungry elements of their attacks and try to bypass the security controls implemented to protect against those attacks.

Cybercriminals will take advantage of vulnerability scanners that can quickly tell them about the loopholes in any security system, which they can exploit later by launching cybersecurity attacks. This can pose a threat to your vulnerability management systems and can severely impact cybersecurity operations.

  • Tricking Your Employees

With companies beefing up their cybersecurity, hackers are having a hard time breaking through myfiosgateway the defenses. That is why they are now adopting an alternative route which is to trick employees with social engineering attacks. 

Social engineering attacks have been around for quite some time now but lack of cybersecurity awareness in organizations has led to its growing popularity. Organize cybersecurity training to educate your employees and take customer feedback to evaluate the effectiveness of the training.

Hackers use different techniques such as spam phishing, spear-phishing, and more to trick users into giving out their sensitive information. You might receive an email that looks identical to your colleague, boss, or family member. These emails might ask you to share your sensitive information such as user ID, password, or financial information such as credit card or PIN number.  

By harnessing the power of AI, hackers can easily increase both the volume and magnitude of such attacks, which can make them even more dangerous. The best way to protect against such attacks is to educate your employees on cybersecurity and social engineering attacks. 

Invest in cybersecurity training programs that tell them how to spot such attacks. The more aware your employees are, the harder it will be for hackers to fool them. Banks should also adopt real-time conversation AI to stay relevant and protect customers against these attacks. 

How do you protect against advanced cybersecurity threats?

Please follow & like us!