Original article excerpt
Server-side extracted preview paragraphs from the original source.
New Visa research calls AI-accelerated scams 'the fastest growing source of consumer harm.' Here's what you need to watch out for.
While AI's vast potential to improve security, ramp up productivity, and reduce operational costs is being explored by countless companies, the technology is also being weaponized by cybercrooks involved in fraud and financial crime.
Also: 5 security tactics your business can't get wrong in the age of AI - and why they're critical
A new report from Visa says AI is reshaping both cyberattack and defense tactics and, specifically, is compressing the fraud cycle, making it easier to dupe consumers into authorizing malicious transactions.
Remember ClickFix? It's a social engineering technique, popularized in recent years, that bypasses traditional phishing defenses by exploiting psychological vulnerabilities.
In ClickFix attacks, victims are lured into performing a malicious action themselves by being presented with a problem to solve -- a problem that has an easy solution. For example, you may come across a fake malware alert on a website that urges you to open up a command prompt, copy and paste a code, and submit it to fix a PC "issue" in only a few steps.
In reality, this "solution" leads you to execute malicious commands yourself, resulting in malware deployment, data theft, and more.