Cybersecurity Giant Unveils Dangers Consumers Face

September 10, 2024
1 min read

TLDR:

Gen Quarterly Threat Report highlights the threats facing consumers, including AI-powered scams, digital identity theft, and ransomware attacks. Hackers are using AI to enhance cybercrime tactics, such as deepfakes for fraud. Classic scams like antivirus scams are making a comeback. Mobile Bankers and InfoStealers are targeting digital identities. Ransomware attacks on consumers saw a 24% increase in Q2/2024. The threat landscape has changed drastically for consumers due to increased digital dependency and AI-powered scams.

AI-powered scams, digital identity theft, and ransomware attacks are the key threats facing consumers in the current cyber landscape. With hackers becoming more sophisticated, malicious actors are leveraging new technologies like AI to enhance their tactics, such as using deepfakes for large-scale fraud. Classic scams like antivirus scams are also making a resurgence, targeting unsuspecting consumers.

The report highlights the use of Mobile Bankers and InfoStealers to target digital identities, stealing banking details, passwords, and financial information. Ransomware attacks on consumers have seen a significant 24% increase in Q2/2024, with countries like India experiencing a 379% growth. As large organizations improve their cybersecurity measures, individual consumers with less sophisticated protection are becoming more attractive targets.

The threat landscape has dramatically changed for consumers due to increased digital dependency and the rise of AI-powered scams. This underscores the importance of staying vigilant and implementing robust cybersecurity measures to protect personal data and financial information in today’s evolving cyber environment.

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