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AI: A New Weapon for Cybercriminals


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Ramit Sharma and Madina Rashid explore how cybercriminals exploit AI capabilities through autonomous bots and deepfakes, while examining implementation challenges and ethical considerations for defense.

Cybercriminals are exploiting artificial intelligence capabilities at unprecedented speed, creating sophisticated attack vectors that traditional security measures struggle to counter. The challenge extends beyond technical defenses to fundamental blind spots in organizational preparedness.

Organizations must implement robust input and output controls on AI systems while ensuring explainability mechanisms that can withstand regulatory scrutiny, particularly as frameworks like the EU AI Act impose strict compliance requirements on high-risk banking use cases.

In this session, the panel of experts will discuss:

  • How criminals weaponize AI through autonomous bots, deepfakes and sophisticated social engineering campaigns that exploit trust assumptions in banking systems;
  • How banks can use AI-powered solutions to improve threat identification, expedite response times and successfully reduce risks;
  • How to navigate the challenges of implementing AI in cybersecurity and ensuring it is used ethically.

Here is the course outline:

Cybercriminals Are Weaponizing AI Faster Than Banks Can Defend

Completion

The following certificates are awarded when the course is completed:

CPE Credit Certificate