Verizon Report Warns of AI-Fueled Social Engineering Surge

Source · https://www.pymnts.com/fraud-prevention/2026/verizon-report-warns-of-ai-fueled-social-engineering-surge/

Search tags

Story key points

5 claims · impact-rated

What matters in this story

1
Generative AI is allowing cybercriminals to scale attacks by making familiar phishing and malware techniques faster, cheaper, and more convincing. — Increased volume and efficiency of attacks raise operational costs and risk for banks and digital commerce firms.
-0.60
2
Exploitation of vulnerabilities has become the most common initial access vector for breaches, rising to 31%. — A shift toward exploiting systemic vulnerabilities suggests a higher risk of wide-scale breaches compared to credential abuse.
-0.40
3
Third-party involvement in data breaches has risen sharply to 48% of total incidents. — Increased supply-chain risk complicates security perimeters and expands the attack surface for enterprise companies.
-0.40
4

News Impact Screener — Catch market-moving news before the crowd