Brits feel overwhelmed by growing sophistication of AI-powered scams

Many Brits are struggling to distinguish between genuine online content and scams. According to Finextra, half of the UK population finds it difficult to tell what is real online, while a quarter feel overwhelmed by the sophistication of scams, which are being supercharged by AI.

Visa, a major payments company, has open-sourced part of its AI-powered cyber defence system after discovering vulnerabilities exposed by AI models, according to Economic Times Tech, Investing.com, and Channel News Asia. The company's President of Technology, Rajat Taneja, described the vulnerabilities as "humbling". Visa processes around a billion payments a day, worth approximately $15 trillion a year.

The increasing threat of AI-powered cyberattacks has raised concerns among global regulators, who fear a major AI-controlled cyberattack could undermine confidence in the world's financial system, as reported by Investing.com and Channel News Asia. Taneja warned that the current threats may be just a small glimpse of what's to come, and that the company needs to prepare for more serious future threats.

Brief written by urgent.news from Finextra, Economic Times Tech, Investing.com, Channel News Asia — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.