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Infobip's global report reveals a sharp rise in AI-powered online fraud, with detected threats up 77% and phishing attacks increasing by 94%. Fraudsters use AI to automate and personalize scams, causing significant harm, while companies rapidly adopt AI-based security solutions to counter these sophisticated threats.[AI generated]
Why's our monitor labelling this an incident or hazard?
The event involves AI systems used by fraudsters to conduct phishing scams, which directly cause harm to individuals by stealing sensitive information and money, fulfilling the criteria for harm to persons (a). The AI's role is pivotal as it enables the scale and personalization of these scams. The article documents actual harm occurring, not just potential risks or responses, so it is an AI Incident rather than a hazard or complementary information. The mention of AI-based security systems is background context and does not negate the presence of an AI Incident caused by malicious AI use.[AI generated]