AI making cyber attacks costlier and more effective: Munich Re

"If cybercrime were a country, it would be the third-largest economy in the world", behind only the United States and China, the reinsurer said in a report. Citing figures from market analysis firm Statista, Munich Re projected cybercrime will generate global losses of some $14 billion (12.07 bn euros) in 2028. Martin Kreuzer, head of cyber risks at Munich Re, told AFP that "automation now plays a central role", enabling attackers to operate "efficiently and in a more targeted way". "They rely on highly personalised phishing emails...