A BEC scam is a form of phishing where companies and individuals are tricked and convinced into making wire transfers.

Source: https://pragativadi.com/icc-loses-2-5-million-usd-to-online-scam-reports/?utm_source=rss&utm_medium=rss&utm_campaign=icc-loses-2-5-million-usd-to-online-scam-reports

According to Bangko Sentral ng Pilipinas’ (BSP) 2021 cyber threats surveillance, the top three types of cyber incidents reported by its supervised financial institutions (BSFIs) were: phishing, “card not present” fraud, and identity theft.

Source: https://mb.com.ph/2023/01/10/ofbank-branchless-digital-only-bank-warns-users-on-cybersecurity-risks/?utm_source=rss&utm_medium=rss&utm_campaign=ofbank-branchless-digital-only-bank-warns-users-on-cybersecurity-risks

AI algorithms analyze vast amounts of personal data from social media platforms, emails and other sources, enabling attackers to create highly targeted and convincing phishing attacks.

Source: https://www.forbes.com/sites/forbestechcouncil/2023/10/16/generative-ai-is-the-next-tactical-cyber-weapon-for-threat-actors/

AI helps hackers generate content without typos and grammar errors for phishing emails and web content.

Source: https://www.forbes.com/sites/forbestechcouncil/2023/10/16/generative-ai-is-the-next-tactical-cyber-weapon-for-threat-actors/

A phishing attack involves hackers trying to trick victims into handing over personal information by posing as a credible figure or business in an effort to gain personal information.

Source: https://www.barryanddistrictnews.co.uk/news/national/23312592.reddit-confirms-hacked-employee-victim-phishing-attack/?ref=rss

As a law firm, it is important that you stay vigilant against such attacks and understand the different types of phishing attack methods.

Source: https://www.rushprnews.com/2023/04/24/a-guide-to-the-phishing-attacks-that-are-targeting-law-firms%ef%bf%bc/

A spokesperson for Booking.com told the : "Unfortunately some of our accommodation partners were recently targeted by phishing emails, which in some cases led to their accounts with us being affected.

Source: https://www.thesun.co.uk/tech/21657139/eurovision-whatsapp-scam-warning/

As we develop better and more user-friendly AI software, a 12-year-old kid might be able to orchestrate a worldwide phishing attempt from his or her bedroom.

Source: https://macleans.ca/society/technology/ai-scams/

But Kaspersky said that the software had “impressive” results in tagging potential phishing attacks.

Source: https://business.inquirer.net/399752/chatgpt-rates-poorly-in-spotting-phishing-tries

But, what phishing attempts are?

Source: https://www.thehindu.com/brandhub/pr-release/how-disposable-email-service-shuts-the-spam-flooding/article66645137.ece

Check Point Infinity Spark provides 99.7% prevention catch rate to protect SMBs against phishing, ransomware, credential theft and DNS attacks.

Source: https://www.helpnetsecurity.com/2023/02/16/check-point-infinity-spark/

Combining that with more sophisticated ransomware and phishing attacks, I only see the threat landscape becoming more complex and challenging.

Source: https://www.helpnetsecurity.com/2023/02/15/jeff-reich-idsa-identity-security/

Company’s experts tested gpt-3.5-turbo, the model that powers ChatGPT, on more than 2,000 links that Kaspersky anti-phishing technologies deemed phishing, and mixed it with thousands of safe URLs.

Source: https://newsbytes.ph/2023/05/07/chatgpt-effectiveness-in-detecting-phishing-limited-says-kaspersky/

Corporate watchdog ASIC will get $17.6 million over four years to identify and take down phishing websites and other websites which promote investment scams.

Source: https://www.bandt.com.au/budget-2023-government-ad-spending-faces-the-chop-as-the-abc-sbs-aap-all-get-a-cash-boost/

Cyber crimes such as phishing scams have risen in frequency through the first half of this year, while the number of victims has increased by around 50 percent, ETV news show 'Aktuaalne kaamera' (AK) reported Wednesday.

Source: https://news.err.ee/1609038836/cyber-crimes-up-around-50-percent-so-far-this-year

Cybersecurity researchers have successfully used ChatGPT to create phishing emails and malicious code.

Source: https://indianexpress.com/article/technology/chatgpt-phishing-email-malware-malicious-code-8370730/

Data indicated that more than 65% of all phishing attempts occurred in the U.S., an increase from last year’s 60%.

Source: https://www.helpnetsecurity.com/2023/04/25/ai-phishing-campaigns/

Despite the decline in network-detected malware in Q4 2022, endpoint spiked by 627%, while malware associated with phishing campaigns persisted as a threat, according to WatchGuard.

Source: https://www.helpnetsecurity.com/2023/04/06/malware-attack-trends-q4-2022/

Despite the great threat of AI being used to enhance phishing, malware and other threats, it is encouraging to see companies meeting this new challenge and innovating in this space.

Source: https://www.forbes.com/sites/forbestechcouncil/2023/08/30/ai-is-supercharging-the-crisis-of-online-crime-how-defensive-ai-safeguards-cybersecurity/

Educate your parent about common scams and fraudulent practices, such as phishing emails, phone scams, or identity theft.

Source: https://www.eyeonannapolis.net/2023/06/managing-finances-and-legal-matters-practical-tips-for-caring-for-an-aging-parent/