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- An AI Capable of Fraud Just Launched
An AI Capable of Fraud Just Launched
PLUS: Find Your Profitable Niche, Harry Potter from Studio Ghibli and ...

Read time: 3.4 minutes
🗞️ In today’s issue:
This Just In: Breaking news from the morning
The Big Story: FraudGPT, Capable of Creating Malware and Phishing Attacks Launched for $200/mo
AI & Tech: Today’s big stories
Prompt Tutorial: How to find your profitable niche
AI Tools: 4 tools to supercharge your day
Images of the Day: Harry Potter as envisioned by Studio Ghibli
100% Certified Fresh
THIS JUST IN
Breaking News
Women hit hardest by AI wave, study says
Fed expected to raise rates to 22-year high, markets brace themselves
TikTok to launch e-commerce program bring Chinese goods to the US
Samsung debuts new folding phones
Brief: FraudGPT, an AI bot designed for offensive purposes such as spear phishing and creating cracking tools, is being advertised by cyber threat actors on dark web marketplaces and Telegram channels.
This new tool takes cybercrime capabilities to a new level, potentially enabling novice actors to perform sophisticated attacks.
"While organizations can create ChatGPT (and other tools) with ethical safeguards, it isn't a difficult feat to reimplement the same technology without those safeguards," Krishnan noted.
Details:
FraudGPT, advertised for a subscription cost of $200 a month, has been circulating since July 22, 2023, according to cybersecurity firm Netenrich.
The tool, whose creator claims has seen over 3,000 confirmed sales and reviews, can purportedly write malicious code, create undetectable malware, and find leaks and vulnerabilities.
The advent of AI tools like FraudGPT and WormGPT, designed to promote cybercriminal activities, are increasing concerns about sophisticated cyber attacks.
These tools could escalate the phishing-as-a-service (PhaaS) model and make it easier for newcomers to the field to launch phishing and business email compromise (BEC) attacks on a large scale.
What's Next: As per Netenrich security researcher Rakesh Krishnan, "Implementing a defense-in-depth strategy with all the security telemetry available for fast analytics has become all the more essential to finding these fast-moving threats before a phishing email can turn into ransomware or data exfiltration."
As such, organizations must ramp up their cybersecurity measures and stay vigilant to these rapidly evolving threats.
📻 In Other AI News
Google, Microsoft, and OpenAI form body to regulate AI development
The Frontier Model Forum has been formed by the four most influential companies in the AI space. The group says it will focus on the “safe and responsible” development of frontier AI models, referring to tech even more advanced than available today.Microsoft’s AI payday will take time, and investors need to be patient
“Even with strong demand and a leadership position, growth from our AI services will be gradual as Azure AI scales” and its Copilot product reaches general availability, Microsoft Chief Financial Officer Amy Hood told analysts.Tri-State man relies on artificial intelligence to help dismiss court case
A man represented himself in court and won his case with the help of ChatGPT, making him the first person in the United States to do so.
Trending Tools & Prompts
AI TOOLS
4 Tools to Supercharge your Day
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{PROMPT} TUTORIAL
Find your profitable niche with this mega prompt
This prompt serves as your roadmap to discovering a profitable niche within your chosen industry that aligns with your unique skills, strengths and interests.
The Prompt:
Customize [example] inputs
"I'm planning to start a new business and I am particularly interested in the [Insert broad industry or field of interest] industry. However, I'm having trouble identifying a specific, profitable niche within this field.
I would like my business to solve a specific problem or meet a unique need in the market. My skills and interests include [List your skills and interests], and I believe these could be valuable in this industry.
Given this, could you provide some guidance on how I can identify potential niches within the [Insert broad industry or field of interest] industry that align with my skills and interests?
Additionally, once I have some potential niches in mind, what are the key factors I should evaluate to determine their profitability? This includes factors such as the size and growth potential of the market, the level of competition, the needs and behaviors of the target audience, and the potential for monetization."
Tool: ChatGPT-4
Images of the Day
Midjourney
Harry Potter Ghibli-verse
Harry Potter imagined by Studio Ghibli
To recreate:

[Lord Voldemort] animation, in the style of hayao miyazaki, illuminated visions, vintage academia, avian-themed, dau al set, iconic pop culture references, neo-romanticism
To see how Runway ML Gen-2 can create 4-second videos using their new image-to-video model click below: (clockwise)
Which one do you like best?
That’s a Wrap
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