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Andy Biggs: “On average, phishing attacks cost $4.9 million per breach.”

Featuring: Andy Biggs, Republican | U.S. House Arizona, District 5

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Congressional Hearing on AI and Criminal Exploitation Led by Andy Biggs

Published | Video Starts at 04:05

The use of exploitative generative AI allows criminals to produce human like text code, images and videos, allowing criminals to use the technology for further criminal activities such as creating more realistic fishing lures or generating deepfakes for extortion. On average, phishing attacks cost $4.9 million per breach. On the other hand, AI is increasingly integrated into police investigations, offering new tools and capabilities for law enforcement agencies Amid the backdrop of rapidly expanding digital data sources and … (04:05–04:11)

CLAIM

Asserts the average financial impact of phishing attacks.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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