Researchers from Netenrich have reported finding “FraudGPT” being sold on the dark web. It’s been described as a subscription-based generative AI tool for creating malicious cyberattacks. It’s been reported that the tool can do anything from writing malicious code and malware to creating phishing campaigns, thereby making putting advanced attack methods available to even inexperienced attackers, potentially democratising weaponised generative AI at scale. This highlights the importance, not just of businesses prioritising their cyber defences, but also the need for AI-based defences at the start of what some have described as an ‘AI arms race.’