AI, Technology & Data

Fraud, Scams & Cybercrime

Australia to Establish SMS Sender ID Registry

By Editors | 24/04/2023

The move will add a “new layer of protection” for Australian consumers against scammers using these known brands to target and deceive.

Fraud, Scams & Cybercrime

ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair

By Editors | 23/04/2023

The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.

Fraud, Scams & Cybercrime

Taiwan Targets Misleading Online Financial Advertisements

By Sanday Chongo Kabange | 23/04/2023

Meta is said to be addressing scams “more efficiently” than Google, after Taiwan regulators asked both to remove misleading financial ads from their platforms.

Cybersecurity

Financial Sector Participating in Global Cyber Defence Exercise

By Editors | 20/04/2023

FS-ISAC member firms including Barclays, CME Group, Mastercard and Santander are participating in the so-called ‘Locked Shields’ exercise this year.

Payments & Settlements

BIS, BOE Unveil Findings from Payments Synchronisation Project

By Manesh Samtani | 19/04/2023

Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.

AI Risk & Governance

ChatGPT Can Interpret Fed Policy, Predict Stock Moves

By Mark Johnston | 19/04/2023

Researchers find ChatGPT can interpret Fed policy and corporate news and make investment recommendations based on them.

Fraud, Scams & Cybercrime

Australia Considers Outright Ban on Ransom Payments

By Mark Johnston | 19/04/2023

The ACSC recommends that victims of ransomware attacks never pay a ransom. The government is considering a law prohibiting attack victims from paying ransoms.

AI Risk & Governance

FSC Korea Issues Guidelines to Promote Safe Usage of AI Tech

By Editors | 19/04/2023

A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.

AI Risk & Governance

Japan’s Big Three Banks Embrace Generative AI Chatbots

By Mark Johnston | 18/04/2023

The adoption of AI chatbots by Japan’s top banks could spur other major Japanese companies to follow suit, as generative AI technology becomes increasingly popular.