IMF warns that AI making Cyberattacks Cheaper, Faster and more Dangerous

[MusaPk]

While Artificial Intelligence is helping mankind in many ways to improve human life, the adversaries are busy in finding negative uses of this new technology. IMF has warned that due to AI the cost and time required to find and exploit software vulnerabilities has significantly gone down and that is great threat for financial institutes. IMF also stressed that core pillar of cyber security must to develop resilience not just preventive measures. Since financial institutes are relying on few cloud service providers and payment networks, that means attackers have a single point to focus on.

"Extreme cyber-incident losses could trigger funding strains, raise solvency concerns, and disrupt broader markets," the IMF said.

AI has threats not only limited to individuals but for state owned institutes also. 

Link

[Oshosondy]

We can even go back to the age when there is no computer, so that there will be no cyber or online attacks and vulnerabilities. Is that the way forward? AI does more good and that is just it.

This is no more new. The first time I read about this was few months ago. Scammers are likely to make use of latest developments for their own advantages. IMF only said what has been researched on and reported several weeks ago.

[MusaPk]

We can even go back to the age when there is no computer, so that there will be no cyber or online attacks and vulnerabilities. Is that the way forward? AI does more good and that is just it.

This is no more new. The first time I read about this was few months ago. Scammers are likely to make use of latest developments for their own advantages. IMF only said what has been researched on and reported several weeks ago.

There is no need to go back but to understand the new possible strategies of hackers/scammers before they give us any damage. It is observed in the past that people don't take cyber security seriously unless they are victim of any attack. Just like both fiat and Bitcoin have both good and bad usage, that doesn't mean we stop using them altogether. AI is here to stay and just like we are enjoying its positive uses, we also need to key an eye on how bad guys can use it to harm the humanity.

[Porfirii]

We can even go back to the age when there is no computer, so that there will be no cyber or online attacks and vulnerabilities. Is that the way forward? AI does more good and that is just it.

This is no more new. The first time I read about this was few months ago. Scammers are likely to make use of latest developments for their own advantages. IMF only said what has been researched on and reported several weeks ago.

There is no need to go back but to understand the new possible strategies of hackers/scammers before they give us any damage. It is observed in the past that people don't take cyber security seriously unless they are victim of any attack. Just like both fiat and Bitcoin have both good and bad usage, that doesn't mean we stop using them altogether. AI is here to stay and just like we are enjoying its positive uses, we also need to key an eye on how bad guys can use it to harm the humanity.

I hope that, just as there will be bad actors who try to take advantage of the power that this new technology offers to do evil, there will also be activists and committed individuals who will contribute to mitigate that damage. Whether we are in favour or detractor of AI, what is clear is that times of great uncertainty are coming, and whoever denies it must be a genius or a madman.

[Majestic-milf]

 It's kind of confusing. I thought this is the same AI that helps companies and businesses achieve more at a lower cost so why advising that people mind the rate at which it is being used. It's true that the introduction and use of AI has its downsides but is there any other mean that one will not encounter cyber attacks.
 The world is evolving constantly to fit the demands of an ever changing world and those companies who have employed the use of AI in their day to day activities must know it comes with a risk and should increase their online security to avoid these attacks.

[Oluwa-btc]

You're obviously a crackhead if you take advice from International monetary fund.

That body alongside tue world bank has sent too many great nations into debts. I will never listen to advice from such a body.

As much as all these could be true, there are more advantages of artifical intelligence to that of disadvantages. Personally  I'm more focused 9n how it can add to my creativity than the negatives.

[LTU_btc]

We can even go back to the age when there is no computer, so that there will be no cyber or online attacks and vulnerabilities. Is that the way forward? AI does more good and that is just it.

This is no more new. The first time I read about this was few months ago. Scammers are likely to make use of latest developments for their own advantages. IMF only said what has been researched on and reported several weeks ago.

There is no talk that we should return to times when there was no computers. But knowing about risks is very important. Previously to make cyber attacks you had to be very tech advanced. Now even average Joe without that much knowledge can make cyberattacks with help of AI. Yes, AI can do lot of useful things, but making harmful things also become much easier with it.

[o48o]

You're obviously a crackhead if you take advice from International monetary fund.

That body alongside tue world bank has sent too many great nations into debts. I will never listen to advice from such a body.

As much as all these could be true, there are more advantages of artifical intelligence to that of disadvantages. Personally  I'm more focused 9n how it can add to my creativity than the negatives.

Are you just dismissing everything someone says because a their acronym, without looking into it? I thought what they said was common knowledge inside cyber security sector, but i guess it's not for cryptocurrency scene.

Assuming that you haven't heard about Anthropic, you likely haven't heard about "Claude Mythos" either, and you might want to peek on this articlethis article from last month.

LLMs aren't good for most things, but it's very good for this kind of mass testing for different variables that would take for ever to code. Claude Mythos for example can find new 0day exploits and you can pretty much kill a company with those when they are severe enough.

[BADecker]

The problem is, one can never tell if the IMF is warning you to help you, or to help themselves to you.