Google Sues Chinese Cybercrime Group for Using AI in Phishing Attacks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Google (GOOGL) has filed a lawsuit against a suspected Chinese cybercrime group called "Outsider Enterprise," alleging it used AI to scale phishing attacks by sending fraudulent text messages impersonating Google and other trusted brands, targeting hundreds of thousands of people in the U.S. to steal personal information, Bloomberg's Lorelei Smillie reports. Google worked with AT&T (T), T-Mobile US (TMUS), and Verizon (VZ) to block the texts from reaching potential victims, and the company says there were 9,000 fake websites and more than 1 million fraudulent URLs associated with the cybercrime network, according to a complaint that Google filed on Friday.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 356.560
Low
255.00
Averages
336.08
High
400.00
Current: 356.560
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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