The Impact of ChatGPT on the Explosive Growth of Phishing Practices

Phishing attacks have increased by 1265% since December 2022. Yes, you read that correctly. The dramatic four-figure increase corresponds to the launch of ChatGPT, a well-known AI tool worldwide.

According to Slashnext, a cybersecurity agency specializing in AI, scammers from every country have found a new Grail in the now-famous text generator. ChatGPT has helped create a vast array of malicious software with a series of names, such as FraudGPT or DarkBERT.

Of course, not all the web is composed of scammers trying to get your money and contact details. Crypto projects are still exciting, and less known digital currencies are having a moment right now, such as the Cronos price, that keeps on increasing. Bitcoin has increased by 10 % in a matter of hours in late October, reaching $35,000. The crypto-currency industry is rising from a long dry spell called a ‘crypto winter,’ where pretty much every currency is falling.

ChatGPT, a Useful Tool For Scammers

Scammers have been around for a long time. They’ve evolved with whatever is trendy and always find new ways to reach new victims. Today, Chat GPT can give them the keys to writing better texts with fewer spelling errors, thus being less conspicuous to the public eye.

Other statistics make it clear that scammers are going in specific directions. Indeed, more than 68% of phishing is text-based only, with phishing emails trying to get your ID increased by 967%. AI solutions are also able to replicate the voice of anybody depending on the situation. While this type of scam is less abundant, it’s on the rise thanks to AI.

The rise of chatbots is also responsible for millions of scams worldwide. Because it’s easier than ever to communicate with a chatbot, people sometimes exchange private information with scammers. The easiest way to get a victim’s attention is social media. Scammers tend to imitate the template and style of a specific brand. Then, they manage to pick useful information from people.

Scammers Tend To Love Mondays

Maybe you were looking for new reasons to hate Mondays. We have one for you. According to a study from Atlas VPN, scammers tend to prefer sending phishing emails at the very beginning of the week.

The total amount of phishing emails goes up to 27% on Mondays. This is mainly because employees deal with a large amount of emails during that day. They tend to click due to a lack of attention.

Surprisingly enough, scammers also enjoy sending spam emails on Saturdays, too. People working on Saturdays are usually more relaxed and have fewer emails to deal with, which makes them put their guard down for a bit.

These particular scams are mostly directed at employees, but everyday people can receive phishing emails at any given time. Most of the scams are done by social engineering. It means that the victim is found with a social network. While Facebook remains the top place for scams, don’t forget that the danger is everywhere, from dating apps to secondhand sales apps.


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