ChatGPT, developed by OpenAI, represents a significant advancement in the field of artificial intelligence (AI) and natural language processing (NLP). As a large language model (LLM), it can generate human-like text, engage in detailed conversations, and assist with a wide range of tasks from drafting emails to generating code. However, as with any powerful tool, the capabilities of ChatGPT come with inherent risks, particularly for cybersecurity.
With the growing adoption of AI-driven tools like ChatGPT, Gemini and Claude, understanding the potential security risks they can pose to your business is crucial. This article provides an in-depth analysis of these risks, explores how malicious actors might exploit them, and offers best practices for mitigating such threats.

The Emergence of New LLM Cybersecurity Threats
AI-Generated Phishing Scams
One of the most concerning cybersecurity risks associated with ChatGPT and other AI chatbots is its potential use in creating highly sophisticated social engineering scams. Phishing, a method of deceiving individuals into divulging sensitive information by posing as a trustworthy entity, is a long-standing threat in cybersecurity. With ChatGPT, the level of sophistication in phishing emails can increase significantly.
ChatGPT can generate emails that are grammatically correct, contextually relevant, and personalised, making it harder for recipients to recognise them as fraudulent. This capability could enable attackers to craft convincing phishing emails at huge scales, targeting organisations and individuals with unprecedented precision.
The Use of ChatGPT in Malware and Malicious Code Creation
ChatGPT’s ability to generate code snippets and provide technical assistance poses another significant threat: the potential for generating or assisting in the creation of malware. While ChatGPT is designed with safety measures to prevent the generation of harmful code, these measures are not foolproof. There have been instances where users have tricked AI models into generating code that could be used maliciously.
For example, a cybercriminal could use ChatGPT to develop scripts or programs that exploit known vulnerabilities, or to assist in the creation of new, more sophisticated malware. This raises serious concerns about the accessibility of such technology to individuals with malicious intent.
Another risk lies in the possibility of confusing or tricking ChatGPT into generating malicious code. While the AI has filters in place to prevent it from producing harmful outputs, skilled individuals may find ways to bypass these filters. By phrasing requests in specific ways or chaining seemingly innocuous commands together, a user might coax the model into providing information that could be used for cyberattacks.

Exploring Specific Security Risks of ChatGPT
Data Theft and Privacy Concerns
ChatGPT, like other AI models, relies on large datasets for training. These datasets often include vast amounts of information, some of which may be sensitive or personal. Although efforts are made to anonymise and secure this data, the sheer scale of the data used poses inherent risks.
Furthermore, when interacting with ChatGPT, users may unknowingly share sensitive information, which could be logged and potentially accessed by unauthorised individuals. Ensuring data privacy in AI interactions is a complex challenge, requiring robust data protection protocols and stringent access controls.
Impersonation and Identity Fraud
The advanced language capabilities of AI chatbots can be exploited for impersonation and identity fraud. By mimicking the writing style or tone of a specific individual, attackers could use ChatGPT to impersonate colleagues, superiors, or even loved ones, tricking targets into divulging sensitive information or performing actions they would otherwise avoid.
This risk is particularly concerning in corporate environments, where an email or message appearing to come from a trusted source could result in significant security breaches.
ChatGPT and Misinformation Spread
Misinformation is another critical risk associated with the use of AI models like ChatGPT. The model can generate text that, while coherent and plausible, may be factually incorrect or misleading. In the wrong hands, this capability could be used to spread false information at scale, influencing public opinion or causing confusion during critical events.
The potential for AI-generated misinformation underscores the need for careful monitoring of AI outputs and the implementation of safeguards to prevent the dissemination of false information.
Business Email Compromise and Other Sophisticated Attacks
Business Email Compromise (BEC) is a form of cyberattack where an attacker gains access to a business email account and imitates the owner’s identity to defraud the company or its employees, customers, or partners. ChatGPT’s ability to generate convincing emails increases the sophistication of such attacks, making it more difficult for traditional security measures to detect them.
In addition to BEC, ChatGPT could be leveraged in other sophisticated cyberattacks, such as social engineering schemes where attackers manipulate individuals into breaking normal security procedures.

Managing Cyber Risk with ChatGPT
Key Recommendations for Organisations
Organisations leveraging ChatGPT or similar AI technologies must implement robust cybersecurity strategies to mitigate potential risks. Here are key recommendations from our team:
- AI Usage Policies: Establish clear policies on how AI tools like ChatGPT can be used within the organisation. These policies should include guidelines on acceptable use, data handling, and security practices.
- Regular Security Audits: Conduct regular security audits to identify vulnerabilities in AI usage and address them promptly. This includes reviewing how data is stored, processed, and accessed.
- Access Controls: Implement strict access controls to limit who can interact with AI tools and what data they can access. Multi-factor authentication and role-based access controls are essential.
- Training and Awareness: Educate employees about the potential risks associated with AI and train them to recognise and respond to AI-related threats, such as phishing emails generated by ChatGPT.
Best Practices for Individuals
Individuals using AI tools like ChatGPT should also take steps to protect themselves:
- Be Cautious with Sensitive Information: Avoid sharing sensitive or personal information when interacting with AI tools. Always assume that any data shared could be logged or accessed by others.
- Verify Information: Treat information generated by AI with caution. Always verify facts and avoid relying solely on AI-generated content, especially in critical situations.
- Stay Informed: Keep up to date with the latest developments in AI and cybersecurity. Understanding the potential risks and how to mitigate them is key to safe AI usage.

Advantages of ChatGPT in Enhancing Cybersecurity
Closing the Cybersecurity Knowledge Gap
While ChatGPT poses certain risks, it also offers advantages in enhancing cybersecurity. One of the key benefits is its ability to close the cybersecurity knowledge gap. AI can be used to provide real-time assistance, answering questions and offering guidance on cybersecurity best practices to individuals and organisations, who otherwise would not have the time or resources to learn.
Using AI to Identify and Patch Vulnerabilities
AI can also play a crucial role in identifying and patching vulnerabilities. By analysing vast amounts of data, AI can detect patterns and anomalies that might indicate a security breach or vulnerability. This proactive approach allows organisations to address issues before they can be exploited by attackers.

How Enterprises Can Safeguard Against AI-Induced Threats
Implementing Robust Security Frameworks
To protect against AI-induced threats, enterprises must implement comprehensive security frameworks that cover data protection, access controls, and ongoing monitoring. For example, strict data governance policies should ensure sensitive information is encrypted and access is restricted through multi-factor authentication (MFA) and role-based access controls (RBAC). Regular audits should assess both technical vulnerabilities and AI model biases, while AI tools should be deployed in secure, isolated environments where possible.
Educating Employees and Users about AI Risks
Education is a critical component of any security strategy. Organisations should invest in training programs that educate employees and users about the risks associated with AI and how to mitigate them. This includes recognising phishing attempts, understanding the limits of AI-generated content, and knowing how to report suspicious activities.

Final Thoughts: Optimise the Use of ChatGPT While Ensuring Security
As AI technologies like ChatGPT continue to evolve, their impact on both the opportunities and challenges within cybersecurity cannot be overstated. While these tools offer significant advancements in areas such as threat detection and vulnerability management, they also introduce new risks that organisations must navigate carefully. From AI-generated phishing scams to the potential misuse of AI in creating malware, the threat landscape is expanding in ways that demand vigilant and proactive security measures.
To effectively manage these risks, organisations must implement robust security frameworks, establish clear AI usage policies, and prioritise continuous education for their employees. Equally important is the need for individuals to approach AI interactions with caution, safeguarding sensitive information and verifying the accuracy of AI-generated content.
Ultimately, the responsible use of AI in cybersecurity hinges on a balanced approach – leveraging the benefits of AI while remaining mindful of its limitations and potential threats. By staying informed and adopting best practices, both organisations and individuals can harness the power of AI like ChatGPT to enhance security, rather than compromise it.