We have heard about ChatGPT, but do you know what FraudGPT is? In this article, I will tell you about it and how best to avoid being defrauded by it.

Prompts are similar to ChatGPT. Type in a question, press enter, and a reply is generated. Netenrich tested this software out and found that by formatting your questions to include bank names, FraudGPT managed the rest. It can determine where the malicious links should be inserted in phishing emails or texts. It can fabricate landing pages for faux websites that look like the real deal and deceive visitors into providing their personal information. FraudGPT can imitate human voices and conversations that lure unsuspecting users into divulging sensitive personal information that they can use maliciously. It can erect fraudulent documents, invoices, and payment requests that contribute to users falling victim to financial scams.

FraudGPT was trained on tremendous amounts of malware data. FraudGPT can create malicious code, construct undetectable malware, ferret out vulnerabilities, identify potential targets, and way more. FraudGPT even has a spot where you can hire a hacker.

The World Economic Forum in Davos was comprised of leaders in the sector of cybersecurity. They led talks about the ongoing challenges that law enforcement agencies around the globe face due to the inception of technologies like AI (Artificial Intelligence) and ML (Machine Learning). Many said we are near a crisis mode since the number of cybercrimes has been on the rise. And those numbers are only expected to rise.

FraudGPT can be purchased on the dark web and Telegram. FraudGPT is a bit like ChatGPT except its purpose is to expedite cyberattacks. Updates in its software are conducted weekly or bimonthly providing cybercriminals with new features and better AI models. It has no built-in controls allowing it to answer even inappropriate requests.

FraudGPT is a subscription-based software. The base cost is $200 per month or about $1,700 per year.

What can you do? Take precautions to protect your personal information by installing some type of antivirus software on all of your devices and add a VPN for your network. If anything seems a bit fishy delete it, report it as spam, and do not open it.

If you, or someone you know, believes they have been a victim of cybercrime you can report it at ic3.gov. This is the Internet Crime Complaint Center. It is the USA’s place for reporting cybercrimes. The FBI runs it. There are places to learn more about cybercrime on this website and information on how best to protect yourself against it. There are consumer alerts and industry alerts. Information regarding the number of cybercrimes and other threats.

Resources:

https://hackernoon.com/what-is-fraudgpt

https://www.businesstoday.in/technology/news/story/ai-is-making-cyber-criminals-dangerous-with-tools-like-fraudgpt-heres-what-it-is-and-how-you-should-stay-safe-413957-2024-01-18?utm_source=webengage&utm_medium=mailer&utm_campaign=newsletter&utm_content=storypage

https://www.ic3.gov/

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