The proliferation of advanced artificial intelligence innovations and solutions is fueling the rise of cybercrime. AI-generated cyber-attacks are the new frontier keeping companies, businesses, and governments on their toes, given the speed at which they occur and how effective some of them are.
Cybercriminals are focusing on individuals and companies worldwide by employing advanced methods and elusive scams that can deceive even seasoned professionals. According to a report by Cybersecurity Ventures, it is projected that the financial impact of cyber-attacks will surpass $10 trillion this year, 2025.
Nearly four out of five chief internal auditors (78%) think AI would have a negative influence on data security and cyber security. In contrast, 58% think it will make fraud worse, according to a recent Chartered Institute of Internal Auditors report.
The opinions of internal audit and risk management specialists around Europe are reflected in a survey of 985 chief audit executives from 17 countries. It also highlights how company executives are becoming increasingly concerned about the hazards posed by AI.
Meanwhile, the law enforcement agency of the European Union is warning that artificial intelligence is significantly accelerating organized crime to the point of weakening foundational structures while additionally supporting state-backed destabilization efforts.
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating. Some attacks show a combination of motives of profit and destabilization, as they are increasingly state-aligned and ideologically motivated,” said Europol’s Executive Director Catherine De Bolle.
According to the report titled EU Serious and Organized Crime Threat Assessment 2025, crimes such as drug trafficking, human smuggling, money laundering, cyber-attacks, and online fraud are eroding societal norms and the rule of law by producing illegal profits, inciting violence, and normalizing corruption.
The report noted that artificial intelligence and various technologies catalyze criminal activities, enhancing the efficiency of these operations by increasing their speed, scope, and complexity. With the European Commission gearing up to introduce a new internal security policy, countries across Europe must urgently address these threats.
Phishing assaults are only one aspect of AI’s threat. Businesses are also in danger from employees using AI tools in the workplace without authorization. 28% of employers rank AI-generated cyber-attacks as their most significant business danger, indicating the growing threat of AI.
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For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024.
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10. Amdocs Limited (NASDAQ:DOX)
Number of Hedge Fund Holders: 29
Amdocs Limited (NASDAQ:DOX) is a technology company that provides worldwide software and services to communications, entertainment, and media providers. Its solutions enable next-generation communication and media experiences for both individual and enterprise customers. It also allows Telco’s to create and monetize AI-powered services. The company announced the expansion of its amAIz Suite on March 18 by integrating modular generative AI network agents.
Amdocs Limited (NASDAQ:DOX) is creating a unique product that addresses important network operator pain points by upgrading the amAIz Suite with NVIDIA’s AI capabilities and AWS’s cloud architecture. Additionally, it places Amdocs at the nexus of two highly valuable fields: artificial intelligence and telecoms infrastructure. The company is obviously making investments in rapidly expanding technological sectors while using its current clientele and telecom know-how as entry barriers against generic AI suppliers. The integration of generative AI agents should strengthen its competitive edge in the telecommunications software market.
“By leveraging the power of AWS’ cloud foundation, Amdocs’ advanced network systems and expertise, and NVIDIA Aerial Omniverse Digital Twin and NVIDIA AI Enterprise platforms capabilities, we are enabling service providers to deliver superior customer experiences while maximizing operational efficiency,” said Anthony Goonetilleke, Group President of Technology and Head of Strategy.
9. Pure Storage, Inc. (NYSE:PSTG)
Number of Hedge Fund Holders: 30
Pure Storage Inc. (NYSE:PSTG) is a computer hardware company that provides data storage and management technologies, products, and services. Its Purity software provides enterprise-class data services, such as always-on data reduction, data protection, encryption, and Storage protocols, including block, file, and object. The company affirmed its commitment to deliver enterprise-grade scalable and AI-ready solutions on March 18 by integrating the Nvidia AI data platform designed into its FlashBlade platform.
The integration of NVIDIA AI Data in FlashBlade will allow customers to elevate storage in the era of artificial intelligence. In addition, FlashBlade should be able to process data with the speed and agility required for AI reasoning applications. Integrating the Nvidia AI data platform should strengthen Pure Storage’s competitive edge in the high-growth AI infrastructure sector.
“The incorporation of the NVIDIA AI Data Platform into FlashBlade provides the AI-ready storage necessary for peak performance. Additionally, our recent NVIDIA certifications affirm that Pure Storage is supporting the pace and scale that AI models need to create change. Through our purpose-built storage solutions, enterprise customers can easily and efficiently harness the power of AI to accelerate success,” said Rob Lee, Chief Technology Officer, and Pure Storage.
