Ask most people to name AI’s defining moment and they will likely point to ChatGPT’s public launch in November 2022. Yet, a different development involving the tech could have a bigger impact on people’s everyday lives–the use of AI to carry out cyberattacks. AI is now widely seen as the biggest threat to online security in the year ahead. Reports of hackers bypassing guardrails to launch cyberattacks on major companies cannot be ignored, prompting governments to brace for a surge in the scale and severity of AI-enabled cyberattacks. In a country like India – which in 2023 accounted for around 49% of global real-time payment transactions worldwide, and processed around 181 billion digital transactions with a total value exceeding ₹233 trillion ($2.56 trillion) in 2024 – stakes could hardly be higher.

Full opinion : AI is supercharging a global cyber fraud crisis. It could also solve it.