What can ChatGPT do for cybersecurity?

How ChatGPT can be developed as a Cybersecurity Tool

Strong?cybersecurity?measures are more important than ever, especially in the financial sector as the world becomes more digitalized. To safeguard the private information and financial assets of their?clients?and members, banks and credit unions must remain ahead of the latest technological developments and internet security threats.

Artificial intelligence?such as Chat GPT and machine learning are one of the cutting-edge technologies that financial institutions are implementing to combat cyber threats. Believe it or not, there are several benefits to using such technology.

The Benefits of ChatGPT??

ChatGPT can be an excellent?tool for?improving risk management and?compliance?with regulations. It can automate repetitive tasks, increase efficiency and reduce labor costs. Banks can use the ChatGPT API to examine data and spot suspicious behaviors by connecting it?with the bank’s fraud detection systems. This may result in faster scam detection and improved account security for clients.

Even though some are reticent about the use of?Artificial Intelligence in cybersecurity, it is true that this tool has the ability to help cybersecurity specialists, who are scarce and in high demand in the industry, by freeing up resources and by fully automating mundane security tasks.

How ChatGPT could endanger cybersecurity

AI-powered software could become more problematic and ethically dubious if the data were to be manipulated in the wrong hands. Cyberattacks are already more frequent than ever, and ChatGPT's simplicity of use may make them more frequent. AI tools might lighten the responsibilities of hackers, enabling them to cause more harm in less time.?

ChatGPT can create?phishing emails or code malware programs, enabling fewer experienced hackers to act (Recorded Future experts). ChatGPT can rapidly generate authentic-looking emails urging the recipient to provide confidential information.

This, in fact, is the top global concern for 53% of the IT professionals surveyed by Blackberry. ChatGPT might make it less time-consuming for a hacker to create a legitimate-sounding phishing email, especially for criminals who may not be fluent in English. ChatGPT could also carry out ransomware attacks through automatic text generation.

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