Elliptic’s 2024 report reveals the growing role of AI in sophisticated crypto crimes, from deepfake scams to cyberattacks backed by governments, indicating that these dangers are only starting to emerge.
The surge in AI-powered crypto crimes signals a new phase of cyber threats, as highlighted in an Elliptic report that exposes how advanced technologies are being used for deepfake scams, cyberattacks sponsored by states, and other complex illegal activities.
The report points to a concerning advertisement for an “unethical” generative pre-trained transformer (GPT) on the dark web, stating, “AI, like humans, wears two masks.”
This dual nature is further evident in the WormGPT ad featured in the report:
“Embrace the dark symphony of code, where rules fade away, and imagination knows no bounds. Together, we navigate the shadows of the cyber realm, poised to conquer new horizons. What’s your next move?”
Summary Review: Elliptic’s 2024 report sheds light on the increasing use of AI in crypto crimes, showcasing a concerning trend of sophisticated illegal activities. From deepfake scams to state-sponsored cyberattacks, these threats are just scratching the surface of what’s to come in the realm of cybercrime. The emergence of AI-driven illicit activities marks a new era of cyber threats, necessitating heightened vigilance and innovative approaches to combatting them. As technology continues to evolve, so too must our strategies for protecting against these ever-evolving dangers in the digital landscape.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
