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Vishing, smishing, and phishing attacks skyrocket 1,265% post-ChatGPT

Feb 29, 2024 HelpNet Security

76% of enterprises lack sufficient voice and messaging fraud protection as AI-powered vishing and smishing skyrocket following the launch of ChatGPT, according to Enea.

61% of enterprises still suffer significant losses to mobile fraud, with smishing (SMS phishing) and vishing (voice phishing) being the most prevalent and costly.

Enterprises account for a significant share of communication service provider (CSP) subscribers and an even greater share of their revenues. They depend on their CSP to protect them from telecom-related fraud, with 85% saying security is important or extremely important for their telecoms buying decisions.

Since the launch of ChatGPT in November 2022, vishing, smishing, and phishing attacks have increased by a staggering 1,265%…