AI in the Wrong Hands: How Unregulated Technology Could Fuel Cybercrime

AI’s potential as a cybersecurity threat is being overlooked amid regulatory debates and innovation hype. As AI becomes more integrated into business operations, it also creates new vulnerabilities that existing security measures may not be prepared to handle. Aras Nazarovas of Cybernews reports... The recent AI summit in Paris pushed an optimistic vision of the technology’s potential,…

New report reveals how phishing campaigns have become increasingly commercialised

Presented to Tech Digest at a roundtable event in central London, cybersecurity company Egress launched its latest Phishing Threat Trends Report (October 2024), revealing a rise in phishing attacks as well as commoditised phishing-as-a-service campaigns.  The report shows a 28% increase in phishing emails were sent between April 1st – June 30th vs January 1st…

Counting Cost of Fraud: Scammers Stole Over £421 Million Last Quarter

Uswitch analysis found that scammers stole £422 million last quarter, from 92,739 reported cases of fraud Brits lost £1,212 million to credit card fraud in 2022, down 5% from the previous year Over three quarters (76%) of fraud was credit card fraud Data suggests £26.1 million was lost through fraudulent ATM withdrawals The new credit card fraud report from Uswitch analyses police figures and the UK…