Two-fifths (40%) of those BEC attacks were generated by AI, the firm claimed. Usman Choudhary, Vipre's CTO, warned that BEC volumes could grow exponentially as AI technology matures and is used by more threat actors. "Malefactors are now leveraging sophisticated AI algorithms to craft compelling phishing emails, mimicking the tone and style of legitimate communications," he added. "The next wave of BEC attacks could see attackers using AI to dynamically analyze and exploit real-time information, creating tailored and contextually accurate scams nearly indistinguishable from genuine correspondence. Enterprises must stay ahead by adopting robust AI-driven defenses and continuously educating their workforce on emerging threats." Read more on BEC: BEC Attacks Surge 81% in 2022 BEC was the second highest grossing cybercrime type in 2022, amassing over 2.9 billion for threat actors, according to the FBI.