Saturday Mornings: "S$1.1B Lost to Scams - Why Cybercrime Is Now a Battle of Minds, Not Just Machines
Description
📻“Saturday Mornings Show” host Glenn van Zutphen and co-host Neil Humphreys talk with Generative AI & Cybersecurity Instructor at Vertical Institute - Dr. Peter Finn - about how Singapore’s record S$1.1 billion in scam losses in 2024 has exposed more than just financial vulnerabilities—it’s revealed a critical skills gap in digital defences. Dr. Finn unpacks how cybercrime is evolving faster than our ability to respond. From deepfakes and AI-powered phishing to malware-enabled scams that cost victims over S$125 million, fraudsters are now using generative AI to launch highly convincing, psychologically manipulative attacks. Messaging platforms like WhatsApp and Telegram have become key battlegrounds, where social engineering—not system breaches—is the weapon of choice. Dr. Finn explains why traditional cybersecurity education is falling behind, and how targeted upskilling in AI literacy, fraud detection, and digital resilience is essential for both individuals and organisations.
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