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Bank Info Security 1 year, 8 months ago

Singapore Requires Banks, Telecoms to Prevent Scams

SMS Impersonation Scam Victims Must Be Made WholeSingapore regulators gave banks six months to institute real-time detection tools for blocking impersonation scams or else assume liability for stolen funds. A finalized framework published Thursday also shifts liability onto island-nation telecoms unless they block fraudulent SMS messages

Bank Info Security 1 year, 9 months ago

Beyond Phishing: AI's New Tricks for Cyberattacks

Paramount's Surinder Lall on AI Impersonation, Deepfakes, AI Governance FrameworksWhile AI transforms business operations, it helps cybercriminals develop sophisticated impersonation techniques such as deepfakes and voice synthesis, posing new challenges for corporate security, said Surinder Lall, senior vice president of global information security risk management at Paramount.