US authorities are investigating a cyber espionage campaign carried out by Chinese operators using artificial intelligence (AI) technology. Experts from American AI and data companies have been summoned to explain how these Chinese actors employed advanced technology to access sensitive information. These experts have warned that if such tools are applied to on-chain finance, the consequences could be severe. AI technology has rapidly advanced in recent years and is increasingly used across various sectors, including cybersecurity and financial systems. On-chain finance, which leverages blockchain technology to automate and secure financial transactions, is particularly vulnerable due to the exchange of digital assets and financial data. Any espionage or hacking attempts could compromise the integrity of the financial system. The use of AI by Chinese operators in cyber spying is seen as a new and sophisticated tactic involving automated data collection, analysis, and access to sensitive information. US authorities aim to thoroughly investigate these techniques and develop effective strategies to mitigate such threats in the future. This case highlights global cybersecurity challenges and the potential misuse of AI, urging financial institutions and government agencies to modernize their security frameworks to protect sensitive data and financial assets. Ongoing investigations will determine the extent to which such espionage campaigns can be prevented and how the global financial system can be safeguarded.
Source: decrypt
