Webinar | How cybercriminals use AI to commit financial crimes

What haven’t we seen coming? We’ve often focused on the marvels that AI can create, but what of the significant dangers it creates when in the hands of bad actors? AI-related crime is on the rise in South Africa, and no one will be unscathed. Particularly, South African organisations have noted a surge in financial crimes facilitated by AI.

Areas that we are concentrating our efforts on are AI governance and cybersecurity compliance. We have experienced significant reluctance by organisations to accept that, whether they like it or not, they will be subject to the impact AI has on our use of technology, our business and social lives. Among the risks that we don’t think are being taken seriously are the refinement of existing financial crimes and novel AI-enabled crimes. We aim to raise awareness of these issues and the need to manage the risks they pose. As we tell our clients repeatedly, “…you can’t govern what you don’t understand.”

You can’t govern what you don’t understand.

Many countries have cybercrime laws (like South Africa’s Cybercrimes Act), and there have been some recent convictions. This is a good thing, and some progress is being made to prosecute cybercriminals. We all have a duty to implement cybersecurity measures to prevent cybercrime, and to do so, we need to know how cybercriminals plan to commit crimes.

We lift the veil on some of the most recent criminal acts. For example, the rise of AI-driven identity theft and impersonation can outsmart even the most sophisticated identity verification systems.

Outcomes

• Take steps towards AI governance by becoming aware of some of the risks AI presents to our use of technology, our business and social lives.
• Be prepared for the impact an attack could present to your organisation by considering the refinement of existing financial crimes and novel AI-enabled crimes.
• Kick off the AI governance and cybersecurity compliance journeys in your organisation by knowing the next steps to take.

Who should attend

Whether you are responsible for managing regulatory risks or implementing effective compliance strategies, this is for people tasked with protecting the critical assets of their organisation, including data or information.

We have tailored this webinar for cybersecurity professionals, cybersecurity experts, data protection (information) officers,  privacy professionals, and in-house legal and compliance officers.

It is also for those who have deployed or are considering deploying AI in their organisation. And people focused on AI governance, risk and compliance, like an AI officer.

Panel

Michalsons: Mark Heyink: In addition to his law degrees and information management studies, Mark qualified as Certified Information Security Systems Professional in 2004 (one of the few lawyers in the world to have this) and so shares deep expertise and experience regards cybersecurity law compliance. John Giles has years of experience engaging with large organisations and has a particular skill at distilling what practical actions to take to ensure your organisation manages risks in line with laws and regulations.

Guest: We are very lucky to be joined by Kovelin Naidoo. Cybersecurity SME | Cyber Criminologist | Interdisciplinary Cyber Specialist | Financial Services and Cyber Risk Thought Leader | Unbiased Red Team Specialist | Financial Crime | CISO

Key thought:

Cybercrime is a rapidly changing environment, and to tackle these organised groups, one must be equally dynamic and forward-thinking.

Bookings

Available to all to attend

Register for this event by clicking on the red register button.