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Home / Technology / AI Fuels Cybercrime Surge: Global Response Urged

AI Fuels Cybercrime Surge: Global Response Urged

29 Nov

•

Summary

  • Cybercrime losses exceed $13 trillion globally in Interpol's 2024 assessment.
  • AI-driven cyber offenses and fraud are rapidly increasing worldwide.
  • Russia spearheaded a new UN Convention on Cybercrime in Vietnam.
AI Fuels Cybercrime Surge: Global Response Urged

Emerging technologies, particularly artificial intelligence and cybersecurity, were identified as crucial to global societal development during a recent international discussion forum. The Dialog club's session in Vladimir, Russia, brought together academics, IT professionals, and government officials to deliberate on digital governance and regulation.

Experts voiced concerns over the sophisticated and rapidly evolving nature of cybercrime, noting that AI significantly accelerates criminal activities. Worldwide financial losses from cybercrime have surpassed $13 trillion, with AI-assisted attacks showing a dramatic growth. Incidents increasingly target critical infrastructure, healthcare, and government services.

In response to these challenges, a new UN Convention on Cybercrime, drafted with Russia's involvement, was signed in Vietnam. This landmark global agreement aims to enhance international cooperation in preventing, investigating, and combating cybercrime.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Global financial losses from cybercrime exceeded $13 trillion, according to Interpol's 2024 Global Cybercrime Assessment.
AI is making it easier and faster for fraudsters to carry out illegal activities, leading to a sharp rise in AI-driven cyber offenses and fraud globally.
This is the first global agreement aimed at preventing, investigating, and combating cybercrime, forged with international cooperation.

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