Here is a summary of a GenAI Cybersecurity memo from the perspective of a CISO at Highgate Cyber Security:
Memorandum
To: Highgate Cyber Security Leadership Team
From: S Alexander, CISO team
Date: November 9, 2024
Re: Key Insights from SlashNext Phishing Report 2023 – Increasing GenAI Cybersecurity threats
The newly released SlashNext Phishing Report highlights several concerning GenAI related cybersecurity trends that I believe warrant our attention as leaders of Highgate Cyber Security.
The rapid proliferation of generative AI technologies like ChatGPT is dramatically empowering threat actors.
Since ChatGPT’s launch, SlashNext has observed a 1265% increase in phishing emails. This exponential growth is driven by cybercriminals leveraging AI chatbots to craft highly convincing and tailored BEC attacks at scale. We must stay ahead of this GenAI Cybersecurity advancing danger curve by further developing our own AI capabilities.
Equally troubling is the continued rise in mobile and multi-channel threats.
Mobile phishing now accounts for nearly 40% of attacks, with most involving malicious links sent via SMS. Attackers are also executing sophisticated multi-stage campaigns spanning email, mobile, and collaboration platforms. This highlights the need for us to provide protection across all communication channels especially as GenAI powered cybersecurity attack ware is growing exponentially.
The report estimates that BEC attacks now comprise a staggering 68% of phishing threats.
I recommend we redouble our efforts to help customers detect and prevent the diverse forms of business email compromise. We should particularly focus on thwarting payroll diversion schemes, invoice fraud, and executive impersonation tactics.
Overall, it is clear that the threat landscape is evolving at an unprecedented pace.
As leaders in cybersecurity, Highgate must continuously adapt our strategies, technologies, and services to meet these challenges. I propose we convene a meeting to discuss concrete ways Highgate can address the key threats outlined in SlashNext’s report. Our customers are counting on us to keep them secure amidst the rising generative AI storm. I look forward to discussing next steps.
