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In a coordinated effort, the FBI, working with Google and Black Lotus Labs, has dismantled a massive Chinese phishing-as-a-service operation called Outsider Enterprise with thousands of phishing websites used to steal credit card data and passwords. [...]

Fraudsters Tokenize Stolen Cards Into Attacker WalletsGoogle Threat Intelligence Group warned that Chinese-language phishing-as-a-service platforms are using AI, encrypted messaging and real-time OTP interception to bypass multifactor authentication and provision stolen payment cards into attacker-controlled digital wallets worldwide.

And you, China, Russia, North Korea ... Guardrails block malware generation Google says it's spotted Chinese, Russian, Iranian, and North Korean government agents using its Gemini AI for nefarious purposes, with Tehran by far the most frequent naughty user out of the four.…

WormGPT, a private new chatbot service advertised as a way to use Artificial Intelligence (AI) to help write malicious software without all the pesky prohibitions on such activity enforced by ChatGPT and Google Bard, has started adding restrictions on how the service can be used. Faced with customers trying to use WormGPT to create ransomware and phishing scams, the 23-year-old Portuguese programmer who created the project now says his service is slowly morphing into “a more controlled environment.” The large language models (LLMs) made by ChatGPT parent OpenAI or Google or Microsoft all have various safety measures designed to prevent people from abusing them for nefarious purposes — such as creating malware or hate speech. In contrast, WormGPT has promoted itself as a new LLM that was created specifically for cybercrime activities.