WormGPT, a malicious generative AI tool designed for hacking and fraud, has ignited concerns about the accessibility of criminal AI tools.

Its creators shutting it down has raised questions about the ease of developing such nefarious technologies.

In recent years, the rise of deep fake technology has sparked growing concerns in various sectors, including the business world, where identity theft poses significant risks.

Deep fake profiles, created using sophisticated AI algorithms, have become a potent tool for cybercriminals seeking to exploit vulnerabilities in the digital landscape.

Banks, in particular, are increasingly vigilant as they look to secure themselves against these emerging threats.

Deep fake profiles mimic real individuals with astonishing accuracy, making it challenging for traditional security measures to detect and prevent fraudulent activities. From impersonating high-ranking executives to creating fake customer accounts, cybercriminals leverage these deceptive tactics to gain unauthoriSed access to sensitive information or execute fraudulent transactions.