AI Battles AI As This Cybersecurity Startup Bags $43 Million And OpenAI’s Backing

In 2022, a threat actor infiltrated Uber's internal network by exploiting the company's Slack platform. The attacker impersonated an employee and shared an explicit image, which is believed to have helped them escalate privileges and access sensitive information. The threat actor later confessed to the attack, revealing that they used social engineering techniques to easily bypass Uber's security measures.

The 2024 Data Breach Investigations Report published by Verizon found that email-based attacks, such as phishing and pretexting, were responsible for 73% of breaches in this sector, making them the primary cause of security incidents.

The global cybersecurity market indicator 'Estimated Cost of Cybercrime' was projected to increase by a total of 6.4 trillion U.S. dollars between 2024 and 2029. So far social engineering has been the biggest cause of these above mentioned security breaches ranging across sectors. But with AI the efficacy of these attacks have risen manifold.

Hackers Just Got Smarter

Social engineering is a cybercrime that tricks individuals into divulging sensitive information like passwords and credit card details or granting access to their computer systems for malicious software installation. Rather than directly hacking into a system, social engineers manipulate human error, exploiting vulnerabilities to compromise security.