What is FraudGPT?

Introduction to FraudGPT

FraudGPT is a malicious AI-driven hacker tool that has been making waves on the Dark Web. Specifically designed to assist hackers in conducting a range of malicious activities, this tool is sold on a subscription basis, with prices starting at $200 per month and going up to $1,700 per year. FraudGPT empowers threat actors to write malicious code, create undetectable malware, and craft phishing pages with ease. Its advanced capabilities make it a significant threat to cybersecurity, underscoring the need for organizations to implement robust security measures to detect and prevent AI-enabled phishing attacks.

Definition: FraudGPT Explained

When generative AI tools like ChatGPT became widely available, they transformed the digital landscape in a matter of days. People were able to automate tasks in a new way, disrupting industries and changing the human relationship with technology. It was only a matter of time before generative AI changed the cybersecurity threat landscape, too. Detecting AI-enabled phishing has become a crucial part of cybersecurity defenses.

Now, with a new tool called FraudGPT, cyberattacks and criminal schemes are more accessible to bad actors than ever before. Available to hackers on the dark web, FraudGPT is an AI-driven hacker tool that can write malicious code, create undetectable malware, and coordinate cyberattacks at the press of a button, including creating undetectable malware.

The Future of Cyber Attacks: How Generative AI is Changing the Landscape

It’s not new for threat actors to use advanced technologies when carrying out their attacks, but by exploiting generative AI models, the number of people who can conduct these attacks is growing exponentially. It no longer takes a fraudster who is experienced in sophisticated malware attacks to pull them off; almost anyone can execute large-scale, devastating attacks against businesses and individuals using advanced hacking tools.

In the same way that you can use ChatGPT to write a weekly recipe menu with ingredients already in your fridge, FraudGPT enables threat actors to conduct attacks without any specialized skills or technologies. As you can imagine, conventional security protections are getting less and less effective as malicious AI tools like FraudGPT become widely available. Cybercriminals utilize tools like FraudGPT to aid in creating phishing pages as part of broader phishing campaigns.

To further complicate things, FraudGPT does not have the same ethical safeguards as the generative AI tools most people are familiar with. This subscription-based platform was designed to be malicious and destructive, making it more dangerous than most people realize. IT experts and other security professionals are sounding the alarm.

How it Works: What Can FraudGPT’s Malicious AI Do?

FraudGPT can be used to coordinate and pull off sophisticated cyberattacks, including creating undetectable malware, but it can also be used to forge documents, write socially engineered emails, build scam pages, and more. Let’s dive into some of the most common functions of this AI driven hacker tool. Advanced hacking tools like FraudGPT are utilized by cybercriminals for various malicious activities, elevating the threat posed by such technologies.

Social Engineering Scams

Historically, if a threat actor wanted to carry out a social engineering scam, they would need to manually create a fake email posing as an important person – such as a business leader or vendor contact – and convince their target that the email was legitimate. It was a lot of work that took time, care, and diligence. Now, FraudGPT can do all those steps in a matter of seconds. AI-driven tools can produce emails that effectively pressure victims into clicking on the supplied malicious link, thereby facilitating business email compromise (BEC) scams.

To further complicate things, FraudGPT can provide AI-generated videos or voice messages that are nearly impossible to detect. Imagine thinking that your boss is calling you – it sounds like them in every way – and they tell you to send $1 million to a certain “client.” You’re going to do what is asked because the untraceable AI tools make it incredibly difficult to detect active attacks.

Document Fraud

If someone is looking to forge a government document – or edit an existing one – all they have to do is type the request into FraudGPT. This copycat hacker tool can not only mimic the security features, fonts, and exact layouts of official government documents, but it can also change the information on actual existing documents – and it’s all untraceable. It shouldn’t be easy to change the information on tax returns or alter the account details of a wire transfer, but with FraudGPT, these illegal actions are easier than ever.

Phishing Campaigns

AI-enabled phishing campaigns, driven by tools like WormGPT and FraudGPT, are becoming a serious problem in every industry. Whether it’s a convincing phishing email or one of the scam pages that prompts an employee to enter his or her login credentials, FraudGPT can generate phishing campaigns quickly. Phishing remains one of the biggest threats to businesses; a simple business email compromise scam costs the target business $4.49 million on average. These AI-driven tools are also used for writing malicious code, enhancing the effectiveness of phishing campaigns.

Threat Actor Profiling

The threat actor behind FraudGPT is a verified vendor on various Underground Dark Web marketplaces, including EMPIRE, WHM, TORREZ, WORLD, ALPHABAY, and VERSUS. This individual has been advertising hacking activities, such as hacking, phishing, and malware distribution, on their Telegram Channel since June 23, 2023. The threat actor’s email address is canadiankingpin12@gmail.com, and their Telegram Channel serves as a platform for offering hacking services without the issues of Dark Web marketplace exit scams. These activities highlight the growing threat of AI-enabled cyber attacks, making it essential for organizations to stay vigilant and implement robust security measures to prevent such attacks.

Target Market: Dark Web Advertising

So, how is it that misusing generative AI apps is becoming so common amongst scammers? The answer is dark web marketplaces. On the dark web, the worst people in the world can advertise and sell horrible products – just like FraudGPT. And perhaps the most shocking revelation when uncovering the sale of this platform on the dark web is just how inexpensive it is.

A subscription to basic FraudGPT offerings starts as low as $200 per month, but even at its most complex level, the platform only costs $1,700 a month. For hackers, this low price point makes it extremely lucrative; if they can pull off even a few convincing phishing campaigns, they’ll get their investment back 100-fold.

Staying Ahead: Fighting Malicious AI with Generative AI Tools

As undetectable malware and scam pages become more common, businesses need to use all of the tools in their arsenal to fight back. Combatting AI-enabled cyberattacks is only possible when employees are diligent, cybersecurity practices are tight, and generative AI tools are fighting for good. It’s a bit like fighting fire with fire.

In many cases, generative AI tools will be better at uncovering malicious AI usage than other cybersecurity platforms. Because these tools use the same technology as the malicious AI tools, they are well equipped to catch attacks in action and put a stop to them before they go too far.

Summary: Stop AI-Enabled Cyber Threats Before They Start

·      FraudGPT is a generative AI tool that makes it easy for threat actors to carry out cyberattacks, forge official documents, and write malicious code in seconds.

·      The accessibility of tools like FraudGPT are making large-scale attacks more common.

·      Dark web marketplaces are largely to blame for the rise of these dangerous tools. With low-cost subscription models and little-to-no ethical standards, FraudGPT poses unimaginable threats to businesses, nonprofits, and government agencies.