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AI making cyber attacks costlier and more effective: Munich Re

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Demonstrators took to streets in Berlin earlier this week to protest AI being used to create sexually-explicit deepfakes

Demonstrators took to streets in Berlin earlier this week to protest AI being used to create sexually-explicit deepfakes

Artificial intelligence is making cyberattacks increasingly sophisticated and costlier for businesses, reinsurer Munich Re said Wednesday, warning of methods ranging from highly personalised phishing emails to computer-generated, convincing fake identities.

"If cybercrime were a country, it would be the third-largest economy in the world", behind only the United States and China, the reinsurer said in a report.

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