More than 3,400 government and regulatory attendees across 665 central banks, regulatory institutions, and government organisations participated in the ‘Regulation Zone’. Key discussion areas included Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth.
Tag: technology
Singapore Police, banks work together to prevent 1,338 scams and avert SGD 53 million losses during Sept-Oct
The participating financial institutions are DBS Bank, HSBC Bank, OCBC Bank, Standard Chartered Bank, and UOB Bank. They worked with law enforcement, utilising Robotic Process Automation (RPA) technology to identify victims of job, investment, fake friend call, and e-commerce scams.
MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards
This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.
When 4 equals 5: Singapore gives its verdict on a shorter work week in Asia-wide survey
The enthusiasm level for a four-day work week is very high among Singapore employees, of whom 93 per cent of the surveyed respondents have embraced the idea.
Singapore Smart Nation 2.0: New agency to tackle online harm, plus SGD 120 million to boost ‘AI for Science’
The new Singapore government agency could become a “trusted source of support”, acting on behalf of victims and directing “perpetrators and service providers to put a stop to the [online] harms”, said PM Wong. It will be introduced jointly by the Ministry of Digital Development and Information and the Ministry of Law.
14 victims lose SGD 100K+ within 6 days in Singtel ‘reward points’ SMS phishing scam
Modus operandi of the latest September 2024 Singtel SMS scam matches that of the past year. The June 2023 police advisory had explained: “In this scam variant, the victim would receive an unsolicited SMS prompting the victim to click on a fraudulent link to claim a reward before the expiry of his Singtel points.”
Singapore cyber-crime trend: Fewer phishing e-mails but more AI-sharpened language
AI-enhanced quality in the text of the phishing e-mails increases the risk of targets falling for scams, since these e-mails would not have the usual red flags.
Global IT outage: Josephine Teo says Singapore must “fortify” digital defences during “peacetime”
Stressing upon the importance of measures to counter digital disruption, the Singapore minister said that updated Business Continuity Plans and regular Tabletop Exercises were vital.
SingCERT warns users against phishing attacks exploiting global CrowdStrike outage
SingCERT released a list of malicious domains identified, associated with the phishing campaign, that impersonate CrowdStrike’s brand.
‘AI Steve’, the first digital candidate in UK elections, aims to make 24/7 human connections
Generated by Artificial Intelligence, the digital Steve is an election nominee for the Brighton Pavilion parliamentary constituency; the previous incumbent was the Green party’s Caroline Lucas.
