Artificial intelligence (AI) has become a powerful tool for cybercriminals, enabling sophisticated methods to extract data from app storage and perpetrate fraud. These methods often involve exploiting vulnerabilities in applications, manipulating users through social engineering, and utilizing AI-generated content to deceive victims.
Malicious Applications: Cybercriminals develop seemingly legitimate applications embedded with malicious code designed to steal sensitive information. For instance, in Mumbai, a cybercrime racket was uncovered where perpetrators created apps specifically to capture credit card details, including Card Verification Values (CVVs), from users. These apps transmitted the stolen data to the criminals, facilitating unauthorized transactions
Exploitation of Messaging Platforms: Platforms like Telegram have become hotspots for criminal activities due to their minimal content moderation. Criminal networks utilize these platforms to distribute hacked data, sell cybercrime tools, and offer money laundering services. The anonymity and vast reach of such platforms facilitate large-scale fraudulent operations
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