This session will explore the challenges posed by the next gen Fintech for Malicious purposes including FraudGPT, WormGPT, and the soon to be released DarkBERT. It will reflect on what challenges this will pose for customers, banks and their regulators. We will also discuss how Adversarial AI (AAI) systems that target AI systems via evasion attacks, data poisoning and model extractions. We’ll also consider how tightening regulations in response to these threats may lead to unintended consequences, such as greater financial exclusion for vulnerable populations. The session will conclude by covering how to prepare for these emerging threats through staff training, cyber solutions and enhancing ERM strategies and customer awareness campaigns.
Regulation Stage
Hall 5, Singapore EXPO
