(MENAFN– IANS) By Shrey Srivastava New Delhi, May 6 (IANS) As millions embrace AI-powered chatbots like ChatGPT, cybersecurity risks associated with generative AI models have become a pressing concern for individuals and businesses alike. While these generative AL models are designed to facilitate communication and provide helpful responses, experts have raised concerns that these pose great risks of hacking and data breaches that could compromise personal information. A report by Palo Alto Networks Unit 42 showed recently that ChatGPT-related scams are surging and despite OpenAI (the creator of ChatGPT) giving users a free version of ChatGPT, scammers lead victims to fraudulent websites, claiming they need to pay for these services. “They might collect and steal the input you provide. In other words, providing anything sensitive or confidential could put you in danger. The chatbot’s responses could also be manipulated to give you incorrect answers or misleading information,” said researchers from Palo Alto Networks Unit 42. The report observed an increase of 910 per cent in monthly registrations for domains related to ChatGPT between November 2022-April 2023. AI has long been a part of the cybersecurity industry. However, generative AI and ChatGPT are having a profound impact on the future. Neelesh Kripalani, CEO of IT services and consulting company Clover Infotech, said: “ChatGPT can impact the cybersecurity landscape through the development of more sophisticated social engineering or phishing attacks. Such attacks are used to trick individuals into divulging sensitive information or taking actions that can compromise their security”. With the ability to generate convincing and natural-sounding language, “AI language models like ChatGPT could potentially be used to create more convincing and effective social engineering and phishing attacks,” he warned. OpenAI admitted in March that some users’ payment information may have been exposed when it took ChatGPT offline owing to a bug. The Microsoft-backed company took ChatGPT offline due to a bug in an open-source library which allowed some users to see titles from another active user’s chat history.