AI deepfakes estimated to cause $40 billion in losses by 2027
Posted by:
John Harrison
In Blackberry’s latest Global Threat Intelligence Report, deepfakes and critical infrastructure attacks are highlighted as major concerns. The report reveals that a staggering 600,000 attacks targeted critical infrastructure between July-September 2024, with 45% of these aimed at financial institutions. The finance sector is particularly vulnerable to cyberattacks, with healthcare organizations and government services also at risk. The rise of artificial intelligence has contributed to an increase in deepfake scams, posing a threat of potential $40 billion in losses by 2027. The need for regulatory frameworks to combat deepfake threats is emphasized, along with the evolving tactics of ransomware groups such as LockBit and ALPHV. Despite the widening attack surface, industry experts like Ismael Valenzuela from BlackBerry emphasize that advancements in tools, technology, and protocols have better equipped the industry to combat evolving cyber threats.
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