Since the release of ChatGPT, Darktrace, a British cybersecurity firm, has warned that since the release of this application, criminals have been using an increase in the use of artificial intelligence to create sophisticated scams that con employees and compromise systems at businesses all over the world.
As the Cambridge-based firm reported, operating profits had dropped 92% in the half-year to December. Furthermore, he said that artificial intelligence had made it easier for "hacktivists" to target businesses with ransomware attacks.
Since ChatGPT was launched last November, the company has seen an increase in the number of convincing and complex scams by hackers. It said it was experiencing an increased number of attacks.
While Darktrace has observed a steady increase in email-based attacks over the last few months since the release of ChatGPT, those attacks that use false links to trick victims into clicking them have declined as a result of ChatGPT's presence. As the complexity of the English language increased, in addition to the volume of the text, punctuation, and sentence length, other factors also increased.
The results of this study indicate that cybercriminals might not just redirect their focus to creating more sophisticated social engineering scams. Instead, they are also likely to exploit victims' trust.
Darktrace, on the other hand, told us that the phenomenon had not yet been accompanied by the emergence of a new wave of cybercriminals. Instead, it has been merely an adjustment in tactics.
In spite of the fact that ChatGPT has not significantly lowered entry barriers for threat actors, it believes it has assisted adversaries with developing more targeted, personalized, and ultimately, successful attacks by enabling adversaries to create more sophisticated phishing emails.
Aside from reporting its quarterly results, Darktrace also noted that in the last three months of last year, the number of companies signing up for its security products had shown a "noticeable" decline.
In addition, Poppy Gustafsson and Cathy Graham, both of which are the chief financial officers for the company, have all received share awards in accordance with the vesting terms of their share awards, which has forced them to reduce their forecasts of free cash flow for this year as a result of the tax bill.
A company with a market capitalisation of £1.9 billion, much slower than the heady heights of almost £7 billion it achieved after flotation months ago, has announced that in the six months to the end of December, its customer base has risen by a quarter from 6,573 to 8,178.
In an interview with The Wall Street Journal, Darktrace, whose stock has been under continuous attack by short-sellers who doubt that the company can deliver what it promises in the cybersecurity arena dominated by the US, said it is not concerned by the recent slump in new orders.
