Is Your Currency Safe? Within A Year, Millions May Lose Their Savings Due To AI Threat

30 November 2023

Cybercrime is on the rise in Europe, with Germany reporting record levels in 2021. Cybercriminals are increasingly using AI for sophisticated hacks and scams, including AI-written code for mass data theft and voice mimicry to bypass security systems. These criminals often recruit openly online and operate globally, making it challenging for law enforcement to track and prosecute them. For instance, German police discontinued an investigation into an €800,000 theft, citing difficulties in catching perpetrators based abroad. This highlights a broader issue of inadequate resources and international cooperation in tackling cybercrime.

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