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Weaponising AI: Scammers, hackers using Generative AI like ChatGPT in cybersecurity arms race

Scammers are using generative AI, such as ChatGPT and ElevenLabs, to impersonate voices, produce more sophisticated phishing emails, and develop malware. To stay up with constantly growing threats, cybersecurity organisations are adopting AI themselves. ....

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Banks to have more anti-scam measures by Oct 31, including 'kill switch' to freeze accounts

Business News - An emergency self-service "kill switch" that lets customers freeze their bank accounts if they suspect that their accounts have been compromised is among a slew of new measures that will be introduced to stop digital banking scams. They will be implemented by Oct 31, the. Read more at www.tnp.sg ....

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Singapore banks to include 'kill switch' to freeze accounts among anti-scam measures

SINGAPORE (The Straits Times/Asia News Network): An emergency self-service "kill switch" that lets customers freeze their bank accounts if they suspect that their accounts have been compromised is among a slew of measures that will be introduced to stop digital banking scams. ....

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No more clickable links in bank SMSes and emails as authorities respond to recent scams

SINGAPORE - Banks in Singapore will have to put in place more stringent measures to bolster the security of digital banking, such as removing clickable links in SMSes or e-mails sent to retail customers, within the next two weeks. These additional measures were introduced in view of the recent spate of SMS phishing scams targeting bank customers, the Monetary Authority. ....

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All organisations should adopt anti-SMS spoofing measures, say cyber security experts

Tech News - A day after banks were told to put in place more stringent measures to bolster the security of digital banking within the next two weeks, cyber-security experts said all organisations should adopt anti-SMS spoofing measures. An example would be signing up for the SMS sender. Read more at www.tnp.sg ....

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