A frightening new reality that has just emerged in the cybersecurity scene is the emergence of malevolent Generative AI, such as FraudGPT and WormGPT. The field of digital security is particularly threatened by these rogue programmes that lurk in the shadows of the internet. This essay will examine the characteristics of generative artificial intelligence (AI) fraud, dissect the discourse around these inventions, and assess how they could affect cybersecurity. Although it’s necessary to keep an eye out, it’s just as important to prevent widespread panic since, despite its unsettling nature, the situation is not yet alarming.