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Showing posts with label Artificial Intelligence. Show all posts
Showing posts with label Artificial Intelligence. Show all posts

Friday, June 6, 2025

Crypto Heists of 2025 So Far: How Hackers Are Evolving Faster Than Security


Over $2 billion has been stolen through crypto hacks and exploits in the first half of 2025, per reports. Unlike older tactics like phishing, this year's hackers use AI-assisted tools to scan smart contracts for vulnerabilities, and further execute precision-based attacks. 

Decentralized finances (DeFi) remain the most targeted sector among hackers, followed by NFT marketplaces. Security auditors are struggling to keep up with the ever evolving tactics of these scammers, thus prompting calls for AI-driven, real-time threat monitoring. 

Meanwhile, state-sponsored groups like North Korea's Lazarus Group which attacked Dubai based exchange Bybit in March this year, are suspected in high-profile breaches. With growing popularity of cross-chain protocols, vulnerabilities keep increasing, and there is no saving grace in sight, at least, not yet.

Experts warn investors to use cold wallets, and avoid patronizing untested DeFi platforms. It is no longer enough to be cautious, cryptocurrency users must now be proactive and highly informed, in order to have their funds well secured.

 

The Dark Web’s New Business: Selling AI-Generated Identities

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As AI-generated content is now mainstream, the dark web is also exploiting it to fuel a black market for synthetic identities. These generated IDs are completely fake, they are not real IDs, and neither do they represent real persons. They are completely fake personas, with AI-generated names, photos, and in some cases, fake social media histories. 

One renowned cybersecurity firm reports a 320% increase in such listings since early 2025. Criminals use these synthetic identities to open fake accounts, commit financial fraud, or manipulate online platforms. The most alarming aspect of this is that many of these identities can pass KYC (Know Your Customer) verification processes due to their lifelike details, thus making it a complete menace to deal with. 

Law enforcement faces a new challenge with this ever-growing menace by tracking down someone who does not exist at all. Cybersecurity experts are now calling for new regulations that address the overlap between AI and identity fraud. 

As generative Artificial Intelligence tools become widely and easily accessible, the line between reality and forgery keeps getting thinner and is becoming far more dangerous.

Thursday, June 5, 2025

Inside AI-Powered Scams: Can You Spot a Deepfake Criminal?

 

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Artificial Intelligence has taken scamming to a whole new level. Over the past few years, deepfake technology has been used not just to impersonate celebrities, but to also trick people into transferring money or revealing very sensitive information. 

Criminals can now make replicas of faces, voices, and even body language with very shocking accuracy, making it harder to distinguish real from fake these days. Recent reports from cybersecurity firms indicate a spike in the percentage of deepfake scams since 2023. 

One such notorious case involved a deepfake of a Hong Kongese CFO used in a live video call to authorize a fraudulent $25 million transfer in 2024. As these scams grow more convincing, experts urge the people and companies across the world to adopt various multi-factor verification and voice authentication tools. 

With AI speedily evolving, staying well informed is the first line of defense against becoming the next deepfake victim.

Friday, February 14, 2025

How AI is Disrupting the Business Landscape in 2025

 

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Artificial intelligence is revolutionizing industries this year by reshaping operations, decision-making, and customer interactions. In finance, AI-driven trading algorithms predict market trends with some accuracy, but cannot be entirely relied on, while fraud detection systems analyze millions of transactions in real time, reducing financial crime to a certain level.


The retail industry is also seeing a major transformation with AI-powered chatbots and personalized shopping assistants that enhance customer experiences. Automated warehouses, like those used by Amazon, rely on AI-driven robotics to streamline logistics and reduce costs. Meanwhile, AI-generated content is helping digital marketing, with businesses using tools like ChatGPT for ad copy, customer support, and SEO-optimized articles. Although AI customer support introduced by companies can be frustrating at all times, as they cannot give you the exact assistance a human can give, which is why there is always an option to be redirected from AI support to human support. Whether that will change at anytime soon still remains to be seen. 


In manufacturing, predictive maintenance powered by AI minimizes downtime, preventing costly equipment failures. The automotive industry is also experiencing disruption, with self-driving technology advancing rapidly and AI optimizing supply chains for major car manufacturers.


Despite concerns over job displacement, businesses are rapidly integrating AI to enhance productivity and innovation. Companies that fail to adapt risk being left behind as AI continues to redefine the business landscape in 2025. A disturbing reality, I must say...

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