In the digital society, defenders are grappling with the transformative impact of artificial intelligence (AI), automation, and the rise of Cybercrime-as-a-Service. Recent research commissioned by Darktrace reveals that 89% of global IT security teams believe AI-augmented cyber threats will significantly impact their organisations within the next two years, yet 60% feel unprepared to defend against these evolving attacks.
One notable effect of AI in cybersecurity is its influence on phishing attempts. Darktrace’s observations show a 135% increase in ‘novel social engineering attacks’ in early 2023, coinciding with the widespread adoption of ChatGPT2. These attacks, with linguistic deviations from typical phishing emails, indicate that generative AI is enabling threat actors to craft sophisticated and targeted attacks at an unprecedented speed and scale.
Moreover, the situation is further complicated by the rise of Cybercrime-as-a-Service. Darktrace’s 2023 End of Year Threat Report highlights the dominance of cybercrime-as-a-service, with tools like malware-as-a-Service and ransomware-as-a-service making up the majority of harrowing tools used by attackers. This as-a-Service ecosystem provides attackers with pre-made malware, phishing email templates, payment processing systems, and even helplines, reducing the technical knowledge required to execute attacks.
As cyber threats become more automated and AI-augmented, the World Economic Forum’s Global Cybersecurity Outlook 2024 warns that organisations maintaining minimum viable cyber resilience have decr
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