ChatGPT is an open AI technology that generates human-like text and allows you to converse with the chatbot in a human-like manner. ChatGPT is the world’s most potent tool, capable of discussing any topic, answering questions, and assisting you with activities such as generating creative writing and creating emails and essays.
Despite its benefit, cybercriminals can use this artificially intelligent chatbot to quickly create phishing emails, call or text messages to lure the public into scams. According to Statista, phishing emails were a key point of entry for ransomware in 2020, accounting for up to 54% of digital vulnerabilities. Phishing uses social engineering tactics to trick or manipulate people into giving sensitive information.
Successful phishing attacks can result in cybersecurity risks such as data breaches, ransomware attacks, and identity theft which may cause massive losses for financial and business organizations. Therefore, awareness of these attacks and the tools used to launch them is needed.
This article will discuss some sophisticated ChatGPT scams to look out for. But first, let us look at how ChatGPT can support phishing attacks.
How ChatGPT Can Support Phishing Attacks
Since ChatGPT can be used to produce well-written text for social media posts, generate reviews, craft compelling YouTube video scripts, and website material, develop press releases, and compose emails, it makes the job easier for cybercriminals to launch phishing attacks which may include a malicious link, fake emails, and reviews, or any other things that can hand over personal or financial information to phishing actors.
Be on the Lookout for Sophisticated ChatGPT Phishing Scams
Here are some sophisticated ChatGPT scams to look out for:
Due to the complex nature of ChatGPT, cybercriminals may construct convincing fake emails that are difficult to identify from real ones. The criminals would use the language model to produce emails that look to be from a reputable source, such as a financial institution or government agency, in a phishing scam employing ChatGPT.
The emails might include a request for sensitive information from the recipient or a link to a malicious website meant to compromise personal data and steal sensitive information. The emails may also include a time-sensitive message, such as a warning that the user’s account might be closed if the information is not provided.
This raises the likelihood of the victims falling for the fraud and disclosing sensitive information, which can result in financial and personal loss. To avoid these fake emails with ChatGPT, be cautious while receiving emails from unfamiliar sources.
Cybercriminals can use ChatGPT to send fake links and websites that seem identical to genuine ones. These links can install malware on your device or redirect you to a phishing page where you will be requested to provide personal information.
Therefore, clicking on links, downloading files, or opening attachments in messages should be avoided unless you have confirmed the message’s authenticity with the sender via other means.
Fake customer care profile
Cybercriminals can create false customer care profiles on social media or messaging platforms such as Facebook or WhatsApp using ChatGPT. Its primary purpose is to deceive consumers into handing over critical information.
They use the language model to create a compelling message that looks to be from a genuine company’s customer care agent. The messages might include demands for sensitive information, such as login passwords or credit card details, and links to fake websites meant to steal data. This raises the chance of buyers falling for fraud and disclosing sensitive information, which can result in financial and personal loss.
Fake loan scam
Cybercriminals can build fraudulent loan websites that appear trustworthy and genuine or send fake loan messages to customers using ChatGPT. These fake loan websites can provide misleading information regarding loans with cheap interest rates and favorable payback arrangements. Its primary purpose is to get money from the victim who applies for the loan.
The most challenging part is that these fraudulent loan websites and communications may be so convincing that it’s difficult to discern the actual loan website from the fake ones. That is why exercising caution while searching for a loan online is critical.
Fake investment opportunities
Cybercriminals can craft compelling fake investment opportunity messages that offer a significant return on investment with low financial risk from naive investors using the language model in ChatGPT. The message would provide deceptive material on high-return, low-risk investments supported by a respected firm or government entity. Its primary purpose is to let victims who fall for the investment trap invest vast amounts of money.
Cybercriminals may utilize ChatGPT to create scripts, phone calls, or messages that appear to be from a charitable organization or technical support team to fool victims into providing personal or financial information such as passwords or credit card information. ChatGPT makes it easier for fraudsters to carry out this type of fraud support scam because the language model in ChatGPT can generate compelling messages and phone calls.
Defend against phishing attacks.
Defending against the rise in sophisticated, AI-driven phishing attacks takes a dual approach of software tools and employee training.
Learn what you need to do to avoid ChatGPT phishing and other attacks. Contact Connect2Geek today.