Phishing Attacks, Deepfakes Top AI-Powered Threats

Phishing attacks and deepfake-enhanced fraud pose the greatest AI-powered threats to organizations, according to a new survey of chief information security officers (CISOs) from top firms. 

A notable 75% of respondents said phishing attacks and 56% said deepfake-enhanced fraud through voice or video were their biggest concerns. Seventy percent of the CISO questioned said their budgets increased in 2024 compared to 2023 in response to these growing threats.

Credit: Team8

This is supported by a Gartner report projecting that global spending on security and risk management will reach $215 billion in 2024, a 14.3% increase from 2023.

The respondents also highlighted a lack of expertise (58%) and balancing security with usability as the two main challenges organizations face when defending AI systems.

The full results are published in Team8’s 2024 CISO Village Survey Report which is based on a survey taken at the company’s annual CISO Summit attended by more than 100 cybersecurity executives from companies including Oracle and Barclays. 

Team8 is a global Venture-Creation and Venture Capital Fund that creates and invests in companies focusing on Cybersecurity, Data & AI, Fintech and Digital Health.

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