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Hackers Are Using ChatGPT As A Learning Tool For Malware

Hackers and cybercriminals are experimenting with the popular AI chat tool to lend a helping hand in their criminal activities.

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hackers are using chatgpt as a learning tool for malware

OpenAI’s ChatGPT tool has become something of a viral sensation over recent months, with the ability to mimic human responses and even write entire essays for students.

However, ChatGPT’s powers — like many emerging technologies — can be put to work for more nefarious activities, and we’re now beginning to see hackers jump on the AI bandwagon to help them steal personal information more effectively.

Check Point Research, a leading cyber threat intelligence agency, has discovered that Russian fraudsters are experimenting with OpenAI’s ChatGPT for malicious purposes. Hackers have been seen on underground forums discussing how to get around IP address restrictions, credit cards, and phone numbers in order to use the AI tool.

“Right now, Russian hackers are actively discussing and researching how to bypass the geofencing to utilize ChatGPT for their harmful intentions. We think these hackers are most likely attempting to incorporate and test ChatGPT into their daily illegal activities,” says Check Point’s Threat Intelligence Group Manager, Sergey Shykevich.

Unfortunately, ChatGPT is such a potent and flexible tool that it can significantly reduce hacking expenses, as well as writing convincing human conversations and false information. More worryingly, the AI can even suggest usable programming scripts, enabling scammers with zero coding experience to create harmful malware.

Also Read: Starlink Teams Up With Elcome To Offer Maritime Internet

Cybercrime experts haven’t yet decided whether or not ChatGPT will become a new favorite tool for dark web criminals, but it’s clear that the technology is gaining momentum. Across the MENA region, there have been multiple instances of scammers using WhatsApp and other messengers to steal user’s money, but ChatGPT could help criminals go one stage further by creating convincing conversations complete with accurate grammar.

As more free-to-use AI tools appear on the internet, hackers will find increasing opportunities to create sophisticated and legitimate-appearing phishing campaigns, making it more important than ever for the public to carefully audit their online security.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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