Cybercriminals are increasingly using AI to scam, hack, and phish people. There are several ways to protect oneself against such cybercrimes. Terence Mills, CEO of Veuu shares his insights on how to prevent being scammed by cybercriminals, and how Veuu helps prevent cybercrimes.
Real-World Implications: The National Public Data Breach
It is estimated that over 2.9 billion people have identifying information affected by theft from data breaches. There is growing concern over AI’s ability to make identity theft easier for online criminals.
Artificial intelligence is particularly good at combing through large data sets, making it an efficient tool for stealing someone’s identifying information. Should individuals be scared? What can be done to minimize these risks?
An Increasing Threat Of Cybercrimes
As the digital landscape changes faster with the use of AI technology, so do cybercrimes. Cybercriminals can use AI to create realistic-looking scams that are harder to detect.
“Predominantly, AI plays a large role not only in healthcare but also in solving business problems. Cybercrime is not just a business problem, but it’s a personal problem that affects all of us walking down the street, which is interesting to think about,” says Terence, commenting on the prevalence of cybercrimes.
Veuu utilizes AI technology to fight cybercrimes. In particular, the company mitigates risks to payment and claims processing and then pays the provider in full. By using this technique, risks of data breaches or hacking are minimized for both patients and healthcare providers.
How Cybercriminals Leverage AI
Criminals can create highly personalized emails, texts, and other sources that look extremely realistic. These phishing links are hard to detect due to their use of sensitive information and accurate formatting. AI also masks email addresses that serve as trojans for malware or computer viruses.
Cameras are also at risk for bad actors who utilize facial recognition after hacking someone’s device. It is important for individuals to be aware of all risks that can be used against them but not to obsess over the issues. There are several ways to minimize the risk of fraud and hacking.
Personal Security: What You Can Do
It is recommended that individuals protect themselves with a few critical habits. People should learn to be extremely wary of emails from unknown senders. AI allows criminals to hide their suspicious email addresses, making it too late to identify once someone has already clicked links within the email.
Individuals should freeze their credit reports with the three major credit bureaus so criminals cannot pull credit. Even if criminals already have identifying information, they will be unable to affect your credit. Terence says to “be aware that these phishing emails that . . . have been developed by AI have proven to be opened more than three-quarters of the time than those that were actually developed by humans.”
Additionally, putting a fraud alert on all used credit cards, banks, and credit reports can help minimize the severity of cybercrimes.
Fighting Fire With Fire: The Future of AI in Cybercrime and Cybersecurity
Although cybercrime may evolve into more sophisticated crimes, AI can also serve as a defense against these risks. Several companies are leading the way in reducing fraud and hacking caused by AI technology.
Businesses and individuals should be aware of the dangers of exposing personal information online and should have technology in place to safeguard their data. Corporations and small businesses can seek expert training so all staff know how AI could affect the company.
Medical practices are at even higher risk of cybercrime due to handling mass amounts of personal information. By staying vigilant and aware of cybercriminals’ common techniques, corporations and individuals have the power to protect themselves. Veuu’s technology hopes to lead the way for healthcare providers to have safe, reliable transactions between patients and doctors. The future of AI may hold the answer to staying one step ahead of criminals and securing a safer online environment for all.
