Technology Advisor Blog

By this weekend, we will be halfway through 2025. It’s mind-boggling how quickly the year passes by when you take a moment to reflect. But also, how scammers can consistently create powerful, malicious tools using AI in high volumes.

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How hackers use AI for phishing attacks has become more advanced, making standard email security measures inadequate for protection. Modern cybercriminals leverage artificial intelligence to create convincing emails with flawless grammar, personal details from social media, and context-aware content that can deceive your most alert employees.  No more language barriers in cyber crime!

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With the development of generative AI becoming more sophisticated for both positive and malicious intent, it’s no surprise there has been an increased surge of cybercrime happening all around the world.
In 2024 alone, we can see these reflect in the 33% increased losses in the US compared to the previous year 2023. According to the FBI Internet Crime Complaint Center (IC3), losses from cybercrime in 2024 exceeded $16 billion, with the top three causes of financial loss stemming from phishing, extortion, and personal data breaches. Important note: When it comes to data incidents, the difference in context is that data incidents are suspicious activity occurring across accounts. A data breach refers to the confirmation of systems being given unauthorized access with malicious intent with financial loss.

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The Federal Trade Commission (FTC) has implemented the Consumer Reviews and Testimonials Rule to combat deceptive practices in online reviews and endorsements. This new rule went into effect October 21, 2024.

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