CHARU KAPOOR
Last year, an incident of a frantic mother who had received an ominous call from “kidnappers” who had ‘kidnapped’ her daughter, raised an alarm in the U.S. Senate about the detrimental impact of artificial intelligence. The news took the nation by a storm as the said “kidnappers” and the daughter’s voice were nothing but hackers utilising generative AI to extort money. With such instances on the rise, the human perception of what is real and what is merely generative AI is slowly eroding.
While it is true that generative AI has exceptionally transformed how we operate, with its integration into sectors such as education, banking, health care, and manufacturing, it has also transformed the paradigm of cyber-risks and safety as we know it. With the generative AI industry projected to increase global GDP by as much as $7 to $10 trillion, the development of generative AI solutions (such as ChatGPT in November 2022) has spurred a vicious cycle of advantages and disadvantages. According to a recently published report, there has been a 1,265% increase in phishing incidents/emails, along with a 967% increase in credential phishing since the fourth quarter of 2022 arising from the exacerbated utilisation/manipulation of generative AI.
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