Fraudsters are using AI to release powerful phishing attacks, making protection awareness training more critical than ever.
AI-driven computer hazards are on the rise, making it easier than ever for hackers to mislead people through algorithmic scams and phishing attacks.
, a president in conceptual AI, has recognised the growing threat and made its initial security investment in New York-based company Adaptive Security. The company has secured$ 43 million in Series A funding, co-led by ‘s startup fund and Andreessen Horowitz.
Adaptive Security helps businesses prepare for AI-driven attacks by simulating algorithmic calls, writings, and emails. People may get a phone call that sounds like their CTO, asking for sensitive information, but in reality, it is an AI-generated test.
The program identifies weak points in a bank’s security and trains personnel to accept potential threats. Social engineering scams, which trick people into revealing sensitive information, have now led to huge financial losses, such as the$ 600 million Axie Infinity steal in 2022.
CEO Brian Long, a skilled entrepreneur, says the money will go towards hiring professionals and improving the system to keep pace with growing AI risks.
The funding comes amid a surge in security money, with companies like Cyberhaven, Snyk, and GetReal even securing big investments.
As cyber risks become more advanced, Long advises employees to take simple precautions, including deleting voicemails to prevent hackers from cloning their voices.
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