The Future of Cyberattacks: The Role of Artificial Intelligence

18 June 2024
Artificial Intelligence and Cybersecurity

As technology evolves, so does the sophistication of cyberattacks. Artificial Intelligence (AI), with its powerful capabilities, is set to play a significant role in the future landscape of cyber threats. However, AI is a two-edged sword for security. While AI offers immense potential for enhancing cybersecurity defences, it also provides cybercriminals with new tools and techniques to launch more effective, focussed and harder-to-detect attacks.

AI-Powered Phishing Attacks:

Phishing attacks have long been a staple of cybercriminals. AI can enhance these attacks by creating highly personalized and convincing phishing emails. Machine learning algorithms can analyse social media profiles and other publicly available data to craft messages that are tailored to the recipient’s interests, increasing the likelihood of success. According to a report by Tessian, 96% of phishing attacks are delivered via email, and AI can automate, personalise and optimize these campaigns on an unprecedented scale.

Automated Vulnerability Exploitation:

AI can be used to identify and exploit vulnerabilities in software and systems more efficiently than human hackers. Tools powered by AI can scan vast amounts of code and network configurations to find weaknesses. Once a vulnerability is identified, AI can also be used to develop and deploy exploits. A study by Darktrace indicates that autonomous response technology is growing, but so is its counterpart, autonomous attack technology, which could lead to faster and more widespread cyberattacks.

AI-Driven Malware:

Future malware could leverage AI to become more adaptive and resilient. For instance, AI can be used to create polymorphic malware that constantly changes its code to evade detection by traditional security systems. Additionally, AI can help malware make intelligent decisions, such as choosing the best time to strike or determining which data to exfiltrate. IBM’s X-Force report highlighted that AI-driven malware could be a major threat, with capabilities to outsmart current security measures.

Deepfake Technology:

AI’s ability to create realistic fake audio and video, known as deepfakes, poses a significant threat. Cybercriminals can use deepfakes to impersonate executives or employees in video conferences or phone calls, tricking victims into transferring funds or divulging sensitive information. The World Economic Forum has noted the potential of deepfakes to disrupt businesses and cause significant financial losses. Researchers predict that as much as 90% of online content may be synthetically generated by 2026. In 2022, 66% of cybersecurity professionals experienced deepfake attacks within their respective organizations.

Combating AI-Powered Cyberattacks:

While the rise of AI in cyberattacks is alarming, it also underscores the need for AI-driven defences. Cybersecurity firms are developing advanced AI algorithms to detect and mitigate these sophisticated threats. Continuous monitoring, anomaly detection, and behaviour analysis are critical in staying ahead of AI-enhanced cyber threats. In addition, employee awareness and training are critical as they can pose the weakest link when it comes to AI-enhanced cyberattacks.

Conclusion:

The future of cyberattacks will undoubtedly see increased use of AI by malicious actors, making them more efficient, targeted, and difficult to detect. As Artificial Intelligence (AI) technology continues to evolve, it is imperative for cybersecurity measures to advance in parallel, leveraging AI’s potential to protect against these emerging threats.

Speak to our experts at Archway Securities to find our more on protecting your organisation against cybercrime.

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