WHAT is FraudGPT: The Dark Web’s Perilous AI Enabling Cybercrime

Photo of author
Written By G Gwra

With a curious and open mind, the tech enthusiast is always seeking new challenges and opportunities to expand their knowledge and contribute to the ever-evolving tech landscape.

Image sources : Image by rawpixel.com on Freepik

Artificial intelligence’s revolutionary effects have taken over the entire globe. Although AI has the potential to make our lives simpler, there is still a tenuous connection between its potential on paper and its practical applications. In the past six months, we have experienced AI’s amazing promise as well as faced some of its potential dangers, including the spread of false information, the emergence of deep fakes, and worries about job displacement.

Recently, headlines have been dominated by worries about artificial intelligence, from the infamous ChaosGP to the dark web’s malevolent use of AI for destructive ends. But the danger doesn’t stop there.

The threat posed by AI has taken on a new, more concerning dimension in the wake of tools like WormGPT, which were previously used by cybercriminals.This time, the threat is represented by “FraudGPT,” a generative AI  that shady characters are actively marketing on Telegram groups and dark web marketplaces.

In essence, FraudGPT is a malicious chatbot that may engage in a variety of online crimes. Its evil capabilities include making cracking tools, phishing emails, and other crimes. The most concerning feature is its capacity to create dangerous code, create malware that cannot be detected, and locate leaks and weaknesses. This dangerous chatbot has been making the rounds on Telegram and the Dark Web Forums since July 22, potentially wreaking havoc online.

According to reports, FraudGPT is not only a serious threat but also has a cost. While its six-month and one-year subscriptions can cost up to $1000 and $1700, respectively, its monthly subscription is an eye-popping $200. This financial aspect raises additional issues since it gives thieves an incentive to use the tool’s capabilities to execute destructive assaults on unwary individuals and organizations.

The introduction of FraudGPT highlights the urgent need for effective cybersecurity safeguards and moral standards to control the creation and application of AI technology. Governments, IT corporations, and society as a whole must work together to properly harness AI’s potential and safeguard against its potential dangers as its dark side becomes more apparent.

What is FraudGPT? A Chat GPT like scam bot

An online picture that is circulating on the internet shows the user interface of the infamous chatbot known as “Chat GPT Fraud Bot.” The language on the screen boasts about its boundless powers, underlining that it knows no limits or boundaries. The bot is advertised as a substitute for Chat GPT, providing unique tools, capabilities, and tailored functionalities to meet specific demands.

On the Dark Web, a user going by the handle “Canadiankingpin” posted a screenshot of FraudGPT and praised it as a cutting-edge tool that will fundamentally alter society and business operations. The promoter brags that the bot has endless potential and allows users to alter it however they see appropriate to get the results they want.

According to reports, FraudGPT has amassed over 3000 confirmed sales, demonstrating its popularity among people looking to take advantage of its strong capabilities.

What FraudGPT? Can do

Concerns were raised in February when hackers discovered ways to get beyond ChatGPT’s limitations by abusing its APIs. Both FraudGPT and WormGPT work without regard for morality, demonstrating unequivocally the grave dangers that unrestrained generative AI poses.

FraudGPT has become a one stop shop for online crooks, providing a variety of tools from creating phishing pages to creating harmful code.Scammers might appear more convincing and realistic with the use ofthis effective instrument, increasing the likelihood of widespread harm. Secury professionals have emphasizedthe urgent need for novel strategies to combat the dangers  posed by rogue AI, like FraudGPT, which can do  significant harm.

Sadly, it seems that this is just the beginning because there seems to be no end to the evil potential that villains can unleash with the power of AI. A new AI cybercrime tool called WormGPT has recently come to light and has been extensively advertised on the Dark Web as a way to carry out sophisticated phishing and business email compromise assaults. WormGPT, referred to be a “blackhat alternative to GPT models,” was created specifically for malevolent purposes.

Concerns were raised in February when hackers discovered ways to get beyond ChatGPT’s limitations by abusing its APIs. Both FraudGPT and WormGPT work without regard for morality, demonstrating unequivocally the grave dangers that unrestrained generative AI poses.

The ongoing development of such hazardous AI technologies emphasizes how crucial it is for the cybersecurity community, technology sector, and legislators to work together to provide effective safeguards against AI misuse.Comprehensive and responsible techniques are necessary to secure our digital environment and guard against cybercrime given the potential repercussions of unrestrained generative AI in the hands of bad actors.

1 thought on “WHAT is FraudGPT: The Dark Web’s Perilous AI Enabling Cybercrime”

Leave a Comment