“How Cybercriminals are Exploiting AI Tools for Ransomware Attacks” • The Register

AI tools are increasingly facilitating cybercrime, particularly ransomware. Recent developments highlight this growing threat, such as the emergence of PromptLock, termed the “first known AI-powered ransomware” by ESET researchers. Although still in its proof-of-concept phase, its capabilities signal a shift in ransomware development. Concurrently, Anthropic reported that cybercriminals employed their Claude Code AI in extensive data extortion operations targeting 17 organizations, demanding ransoms from $75,000 to $500,000. Experts like Ari Redbord and Nick Biasini warn of a new era of risk where AI enhances criminal activity, streamlining processes like phishing and extortion. Moreover, AI-generated chatbots are now automating hostage negotiations for ransomware cases, raising the stakes for organizations. The integration of agentic AI allows for faster reconnaissance and malicious operations, underscoring the urgent need for cybersecurity measures. As AI evolves, so too will its application in financial crime, making it crucial for defenders to adapt rapidly.

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