Cybercrime Projected to Cost $23 Trillion by 2027
A Morgan Stanley survey found that cybersecurity is seeing the biggest spending increases among IT departments this year, an estimated $11 Trillion in total.
On the current trajectory, Morgan Stanley projects the costs of cybersecurity to rise to $23 Trillion by 2027.
Dating App Scams Reportedly Using AI
Avast Cybersecurity reported increased use of generative AI-backed bot accounts, designed to emulate a potential partner, scamming dating app users into sending illicit money transfers.
These bots being reliant on generative AI to produce believable chat, voice, and photo content, have been labelled as “LoveGPT”.
OpenAI Launches Initiative to Tackle Growing AI Risks
OpenAI has announced a new team, intended to counter the risks brought by generative AI systems.
Labeled the “preparedness” unit, the new OpenAI branch will be tasked to set preventive measures for systemic AI risks which include individual persuasion, cybersecurity, autonomous replication and adaptation, and chemical, biological, radiological, and nuclear (CBRN) threats.
