The Emergence of FraudGPT: AI-Powered Threats on the Dark Web
Hey Mck’s Today We are going to talk about the nemesis and the dark implementation of the Global Phenomenon ChatGpt that Was disocvered by Rakesh Krishnan(Senior Threat Analyst at Netenrich). In recent times, the threat landscape has undergone a drastic transformation with the rise of generative AI models. A disturbing development has been observed on the Dark Web forums, revealing the emergence of a malicious AI tool known as “FraudGPT.” This offensive AI bot is specifically designed to craft spear phishing emails, create cracking tools, engage in carding activities, and more. With the potential to cause significant harm to individuals and organizations alike, FraudGPT has quickly gained notoriety and is actively being distributed on the Dark Web, particularly through Telegram Channels.
As evidenced by the promoted content, a threat actor can draft an email that, with a high-level of confidence, will entice recipients to click on the supplied malicious link. This craftiness would play a vital role in business email compromise (BEC) phishing campaigns on organizations.
FraudGPT is an advanced AI tool that facilitates cybercriminal activities with alarming precision. It enables threat actors to create deceptive emails, convincingly enticing recipients to click on malicious links. This capability is a crucial component of Business Email Compromise (BEC) phishing campaigns, posing a serious threat to organizations.
The tool offers several features, including the ability to write malicious code, generate undetectable malware, locate non-VBV bins, create phishing pages, develop hacking tools, discover targeted services/sites, write scam pages and letters, identify leaks and vulnerabilities, and even provide tutorials on coding and hacking. Moreover, the tool boasts an escrow service that operates 24/7, ensuring a seamless and secure transaction process for buyers.
The individual responsible for unleashing FraudGPT on the Dark Web created a Telegram Channel on June 23, 2023, after being associated with various Underground Dark Web marketplaces like EMPIRE, WHM, TORREZ, WORLD, ALPHABAY, and VERSUS. These marketplaces frequently experienced exit scams, prompting the threat actor to seek an alternative platform for offering their nefarious services.
The threat actor advertised an array of hacking activities, including carding services, and has become a verified vendor in the underground market. By tracing the threat actor’s identity through their email address (canadiankingpin12@gmail.com), researchers were able to gain valuable insights into their operations.
Some Of the Sample Chat’s On The Fraud Gpt:
The subscription fee for FraudGPT starts at $200 per month and goes up to $1,700 per year.
Some of the features include:
- Write malicious code
- Create undetectable malware
- Find non-VBV bins
- Create phishing pages
- Create hacking tools
- Find groups, sites, markets
- Write scam pages/letters
- Find leaks, vulnerabilities
- Learn to code/hack
- Find cardable sites
- Escrow available 24/7
- 3,000+ confirmed sales/reviews
Similar Threat: WormGPT
Adding to the alarming scenario, another malicious AI alternative named “WormGPT” surfaced on July 13, 2023. Just like FraudGPT, WormGPT targets victims for financial gain, attracting criminals and individuals with limited technical knowledge.
The Never Ending Battle: A Call for Enhanced Security Measures
As cybercriminals continuously innovate their strategies, it is crucial for cybersecurity professionals and organizations to respond with equal determination. While AI-enabled tools like ChatGPT and others can be developed with ethical safeguards, malicious actors can swiftly reimplement similar technologies without these safeguards. This underlines the importance of implementing a defense-in-depth strategy, fortified with robust security telemetry and fast analytics capabilities to detect and respond to rapidly evolving threats.
The emergence of FraudGPT marks a troubling development in the world of cybersecurity, where malicious AI-powered tools are actively exploited for criminal activities. As organizations and security experts continue their efforts to stay one step ahead of cyber threats, it is imperative to remain vigilant and adopt comprehensive security measures to safeguard against evolving risks. Collaboration, knowledge-sharing, and proactive defense strategies will be key to mitigating the dangers posed by such malicious AI technologies on the Dark Web.
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