Use of AI, digital arrests, shopping scams… In 2024, fraudsters cheated Indians of crores of rupees in these ways

AI-generated phishing scams are targeting eBay and Bezel, experts warn of growing cyber threats

Recent cyberattacks have revealed that eBay and global insurance firm Beazley are among the latest victims of sophisticated AI-generated phishing scams. These attacks, designed to steal sensitive information such as login credentials and financial data, are becoming increasingly difficult to detect due to the advanced technology behind them.

The phishing campaigns use AI to craft highly convincing emails, text messages, and fake website links that closely resemble legitimate communications from trusted companies. Victims are tricked into believing these fraudulent messages, making them more likely to provide personal information.

eBay users have reported receiving emails claiming to offer special promotions or requesting account verification. These emails include links leading to fake login pages, where unsuspecting users risk exposing their credentials.

Similarly, Beazley has been targeted with phishing emails that mimic official notifications from the insurance provider. These messages aim to extract personal information or infect devices with malware. Given Beazley’s role in handling sensitive client data, such breaches could pose significant risks to both individuals and the company.

Cybersecurity experts warn that as AI technology evolves, phishing scams are becoming more personalized and harder to identify. Users are advised to remain vigilant and avoid clicking on suspicious links or sharing personal information through unsolicited messages. Verifying the authenticity of communications by directly contacting the company involved is critical in preventing such scams.

The growing use of AI in cyberattacks highlights the urgent need for stronger cybersecurity measures and increased public awareness to combat these evolving threats.