AI boosts rise in phishing and spoofing attacks on banks

The US banking industry has seen a significant uptick in cyberattacks, particularly in phishing and spoofing, and tactics are becoming increasingly advanced due to AI. New research from BforeAI analyzed 62,074 domains registered between January and June 2024 with finance-related keywords. Of those registered domains, 62 percent were found to be involved in phishing attacks targeting legitimate entities via spoofing websites. A variety of online scams are based on 'Buy Now Pay Later' (BNPL) offers for cars, phones, and other goods. Major banks like Bankinter, BBVA, HSBC, and PayPal are frequent targets, with over 561 domains associated with each. The… [Continue Reading]