Munich Re: AI is making cyberattacks more costly and sophisticated
Reinsurer Munich Re warns that generative AI is enabling more sophisticated, costly cybercrime, from personalised phishing to believable fake identities.
Reinsurer Munich Re said Wednesday that artificial intelligence is driving cyberattacks to become both more sophisticated and more expensive for businesses. The company warned that AI enables highly personalised phishing campaigns and the creation of convincing computer-generated fake identities, increasing the effectiveness and cost of cybercrime.