Deepfakes , Governance, Security & Risk , Video

Why AI Is the Best Defense Against AI-Enabled Fraud Attacks

Artificial intelligence has enabled cybercriminals to refine their tactics and modify fraud and cyberattack tools, but the same technology now presents itself as the best defense against automated cyberattacks in various forms, said Christophe Van de Weyer, CEO, Telesign.

The arrival of generative AI technologies such as ChatGPT has driven a 1,300% rise in phishing and made such attacks qualitatively better, said Van de Weyer. "They are getting much more sophisticated. Gone are translation errors; gone are grammar errors. So, they do it much better than I talk now - and at a greater scale. That's definitely one of the key threats we're seeing now."

He said artificial intelligence has also helped cyber defenders track threats and identify anomalies round-the-clock and with greater precision - whether in tracking digital fraud, fraudulent login attempts or data leakages. "We believe that we have to use AI to fight AI. AI is a cybersecurity worker that never sleeps," he said.

In this video interview with Information Security Media Group at RSA Conference 2024, Van de Weyer also discussed:

• How to tackle the threat of deepfakes;
• How enterprises should protect themselves from digital fraud;
• Why an omnichannel API-based identity verification platform works best for enterprises.

Van de Weyer has extensive experience in information and communication technologies, including an eight-year stint as part of Bain & Company's telecom and technology practice leadership team and as managing director of Benelux, where he oversaw the growth of seven ICT subsidiaries.