AI-driven email scams target Monaco firms, experts warn
By Zak Jackson, MonacoViews Editorial
Cybersecurity specialists warned Monaco businesses that AI is making phishing emails far more convincing at the DIGITAL FlashUP event in Monte-Carlo.
Fraudulent emails are becoming harder to detect as criminals turn to artificial intelligence to craft more convincing scams, according to specialists who addressed local businesses at the Novotel Monte-Carlo on Tuesday, October 20. The gathering, part of the DIGITAL FlashUP series, brought together companies operating in the Principality to discuss how AI tools are being exploited to mimic legitimate correspondence, replicate writing styles and bypass traditional spam filters.
For firms based in Monaco, where many businesses handle sensitive financial and personal client data, the shift marks a significant escalation in risk. Email fraud that once relied on obvious grammatical errors or generic templates can now closely resemble messages from trusted colleagues, suppliers or banks, making staff training and verification procedures more important than ever.
The event formed part of a wider push to raise cybersecurity awareness among Monaco's business community, with organisers urging companies to review their internal protocols and ensure employees know how to flag suspicious communications before they cause financial or reputational damage.