Augmenting Cybersecurity and Fraud Detection Using Artificial Intelligence Advancements

In 2023, the rapid advancement of Generative AI (GenAI) models, including ChatGPT and Google Bard, has reshaped the digital landscape. GenAI tools are now used both defensively and offensively, raising crucial questions about their societal, ethical, and privacy implications. Artificial Intelligence (AI) plays a pivotal role in the Fourth Industrial Revolution, enhancing the security of computer networks. This study investigates these connections, finding that e-Governance partially mediates the link between AI and cybersecurity, with stakeholders influencing this dynamic. AI's increasing integration into daily life, spanning healthcare, finance, and surveillance, emphasizes the importance of data privacy. The handling of extensive datasets by AI systems brings about unique privacy and ethical challenges, necessitating stringent safeguards. This concise abstract underscore the profound impact of GenAI models on cybersecurity in 2023, emphasizing their implications for society, ethics, and privacy. It highlights nuanced relationships between AI, e-Governance, and cybersecurity, while acknowledging the need for robust privacy protection. The paper calls attention to the potential of advanced techniques to fortify cybersecurity against ever-evolving threats.