Scammers use GPT-4 launch to send phishing emails and steal crypto: Report

The March release of OpenAI’s GPT-4 model has offered scammers and criminals a new way to defraud people, said Tenable

March 22, 2023 03:54 pm | Updated 04:24 pm IST

Scammers use GPT-4 launch to send phishing emails and steal crypto: Report

Scammers use GPT-4 launch to send phishing emails and steal crypto: Report | Photo Credit: Reuters

OpenAI’s advanced GPT-4 AI model has provided scammers and cybercriminals with an opportunity to steal cryptocurrency by using phishing tactics.

The limited nature of the launch of GPT-4 has led to scammers drawing users to phishing sites. There, they advertise a non-existent OpenAI crypto token, and invite users to link their crypto wallets, according to cyber intelligence company Tenable.

“The scammers mimic the OpenAI site to try to get crypto users to link their digital wallets, and once that happens, they drain their accounts,” the company said in a statement.

(For top technology news of the day, subscribe to our tech newsletter Today’s Cache)

Tenable urged cryptocurrency users and traders to carry out their due diligence before committing to crypto-based giveaways or airdrops. Crypto traders should also exercise caution before allowing third party websites to gain access to their digital wallets, stressed the company.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.