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Check Point Software warns that AI-powered tools, including generative AI, deepfakes, and automated malware, have enabled cybercriminals to bypass even strong passwords, leading to increased credential theft, data breaches, and financial losses. The rise of AI-enhanced cybercrime has rendered traditional password security measures inadequate, especially in Portugal.[AI generated]
Why's our monitor labelling this an incident or hazard?
The article explicitly mentions the role of AI, particularly generative AI, in enhancing cybercrime capabilities, such as generating highly convincing phishing campaigns and multimedia deepfakes that have led to substantial financial losses. The AI systems are used maliciously to facilitate cyberattacks, which have directly caused harm to individuals and companies. This fits the definition of an AI Incident, as the development and use of AI systems have directly led to harm (financial loss, privacy breaches, and security violations).[AI generated]