Threat Report 2024

  • Cryptocurrency as a New Threat Frontier: The report highlights the increasing targeting of cryptocurrency exchanges, with attacks on WazirX and Bybit resulting in significant financial losses. Hackers are migrating to various cryptocurrencies, including Monero (XMR).

  • Emergence of New Malware: A new malware variant scans for and steals crypto wallets/keys within infected environments, allowing unauthorized access to crypto assets.

  • Deepfakes and AI-Generated Content Risks: The report emphasizes the use of deepfakes and AI-generated content as powerful tools for social engineering attacks, mimicking voices and appearances.

  • Prompt Hacking Concerns: Prompt hacking vulnerabilities are more common in AI applications that host LLMs locally.

  • Jailbreaking of AI Systems: The report highlights the successful jailbreaking of even secure AI systems like ChatGPT, enabling circumvention of safeguards.

  • Malicious LLMs: Malicious LLMs, such as WormGPT and FraudGPT, are capable of creating convincing phishing emails, malware, and automating exploit development.

  • Policy Recommendations: The report urges policymakers to

    implement clear AI regulations and mandate security testing of APIs used in AI applications.

  • Government Initiatives in Cybersecurity: The Indian

    government is actively working on cybersecurity through initiatives like the National Cyber Coordination Centre, Cyber Surakshit Bharat, and CERT-In.