The cyberthreat landscape is never static. Phishing scams were already a pressing global issue for the banking industry, with Malaysia recording over 25,000 online fraud cases and RM850 million in losses in 2022. The well-publicised OCBC Bank phishing scams, too, resulted in a total loss of S$13.7 million (RM45.6 million) for Singapore’s customers. And, with the emergence of ChatGPT, a cybersecurity storm may very well be brewing in our midst. Fraudsters are about to get even more sophisticated in their attacks — now being able to craft highly convincing (and grammatically sound) phishing messages. It’s also worth highlighting that authorities…

Have you ever watched the chilling cult classic “Invasion of the Body Snatchers”? The 1950s alien takeover movie is best remembered for evoking paranoia about the faceless evil lurking within society. Now, 70 years later, this invasion may be more real than reel. People who are not who they claim to be are silently and insidiously stealing identities — all to perpetrate fraud. And they are seemingly unstoppable. As the movie’s protagonist hauntingly warns, “They’re here already. You’re next!” Not If, But When Identity theft statistics reveal that the chances of falling prey to digital fraud are much higher than…