AI, Technology & Data

AI Risk & Governance

UK Government Outlines Plans to Regulate AI

By Ranamita Chakraborty | 07/02/2024

Regulators will receive support for managing risks of AI in sectors such as finance from funds totalling GBP 10 million.

Cybersecurity

Cybersecurity is the Biggest Risk for Global Banks: Survey

By Nithya Subramanian | 07/02/2024

The EY-IIF report says cyber threats are constantly morphing with evolving links to geopolitical, technology and third-party risks.

Fraud, Scams & Cybercrime

Singapore Strengthens Measures to Tackle AI Deepfakes

By Nithya Subramanian | 06/02/2024

Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.

Structural Regulation

EU to Ramp Up Monitoring of BigTech Financial Services

By Manesh Samtani | 05/02/2024

The provision of financial services by BigTechs does not yet pose a financial stability risk, but policy action may be required as these activities continue to grow.

Fraud, Scams & Cybercrime

Korea Passes Amendment to Address Account Coercion Scams

By Manesh Samtani | 05/02/2024

The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.

Fraud, Scams & Cybercrime

HK, SG Take Down 139 Servers in INTERPOL Cybercrime Operation

By Editors | 05/02/2024

Operation Synergia, launched in response to the growing threat of transnational cybercrime, involved more than 50 participating countries.

Cybersecurity

Telecom Breach Exposes Personal Information of 750 Million Indians

By Ajoy K Das | 05/02/2024

Billed as biggest ever leak of its kind, the breach has exposed names, mobile phone numbers, addresses and Aadhaar card numbers.

Data Privacy

Hong Kong PCPD Warns Against Worldcoin’s Free Crypto Offer

By Sanday Chongo Kabange | 05/02/2024

The PCPD raided six premises of the Worldcoin project in Hong Kong, saying the city’s privacy law may have been breached.

AI Risk & Governance

ASEAN Ministers Target AI Governance, Data Protection, Scam Prevention

By Ranamita Chakraborty | 05/02/2024

The ASEAN Digital Ministers Meeting launched AI governance and data protection guides with Thailand proposing an anti-online scam working group.