"Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud"

Resecurity has discovered "GXC Team," a cybercriminal group specializing in developing tools for online banking theft, ecommerce deception, and Internet scams. On the dark web, the group's leader recently announced significant price cuts for their products. The posts made by the leader introduced a new tool that applies Artificial Intelligence (AI) to generate fraudulent invoices for use in wire fraud and Business Email Compromise (BEC). According to an FBI report, successful BEC scams led to an average loss of more than $120,000 per incident, costing organizations more than $2.4 billion. This article continues to discuss the GXC Team's new tool that uses AI to create fraudulent invoices.

Security Affairs reports "Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud"

Submitted by grigby1