Technology Magazine March 2023 | Page 88

Spear phishing on the rise
CLOUD & CYBER

Spear phishing on the rise

Spear fishing has also gained popularity in recent years according to cybersecurity company Kaspersky . Spear phishing is an email or electronic communications scam targeted towards a
specific individual , organisation or business . Although often intended to steal data for malicious purposes , cybercriminals may also intend to install malware on a targeted user ’ s computer .
prove to be the future of cybersecurity issues , with AI-generated phishing attacks become more convincing . Research by cybersecurity company WithSecure shows that business email compromise ( BEC ) scams could be generated using AI systems . Through models such as OpenAI ’ s ChatGPT , for example , bad actors can automate the creation of credible yet malicious content at incredible speed .
“ The generation of versatile natural language text from a small amount of input will inevitably interest criminals , especially cybercriminals – if it hasn ’ t already ,” said WithSecure ’ s report . “ Likewise , anyone who uses the web to spread scams , fake news or misinformation in general may have an interest in a tool that creates credible , possibly even compelling , text at superhuman speeds .”
“ By now , everyone has seen fake videos produced by deep learning ( DL ) and AI