Chris Roeckl, CPO, Appdome
Geo Compliance will become critical as regulators will take a more active role
In 2024, regulators will take a more active role in the mobile security landscape.
In Asia for example, the shared responsibility framework by the Monetary Authority of Singapore and the Infocomm Media Development Authority holds banks, fintechs and telcos to a higher standard to prevent mobile fraud. Hong Kong Monetary Authority (HKMA) also adopted a stronger stance against scams by mandating that banks implement several new measures including enhanced monitoring for suspicious transactions and additional customer authentication. Similarly in the Philippines, the Bangko Sentral ng Pilipinas (BSP) released Circular 1140 aimed at protecting consumers from fraudulent schemes and establishing greater confidence in utilizing digital payment methods.
The differing regulations and frameworks across the world create a complicated compliance process. As a result, geo-compliance will become critical for app makers who are looking to comply with the rules and regulations in force in every geography where their mobile apps are in use. Geo-Compliance has three elements to it (1) easily create different security models for different countries (2) easily demonstrate to the regulators that the security in the mobile app complies with the country and industry specific regulations and (3) actively prevent the use of a mobile app in certain geographies.
App makers will need to look for comprehensive mobile app defense solutions that can protect their consumers and mobile business against all different kinds of cyber threats, mobile fraud, and on-demand malware, both today and tomorrow.
Mike Pedrick, VP of Cybersecurity Consulting, Nuspire:
Business Disruption: Generative AI Outsmarting Users
In 2023, two cases captured national headlines regarding the use of generative AI to make work easier. One case involved a lawyer who asked ChatGPT to compile a list of court decisions that might help win a run-of-the-mill personal injury case – not an unreasonable ask at first blush. However, despite the generative AI tool returning comprehensive cases that showed a clear and direct association with the relevant case – so much so that the attorney submitted them as fact – they were utterly fictitious.
In what is an entertaining echo, the former lead defense attorney for musician Pras Michel used generative AI to build his closing argument. The result? The argument “made frivolous arguments, misapprehended the required elements, conflated the schemes and ignored critical weaknesses in the government’s case.”
The bottom line seems to be that despite the wild popularity of generative AI, it still is not a suitable replacement for human attorneys.
I predict that we’ll hear of other, similar instances of generative AI being used carelessly in 2024 and, most likely, several careers ending in the process.
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This entry was posted on December 21, 2023 at 8:58 am and is filed under Commentary with tags Appdome, Nuspire. You can follow any responses to this entry through the RSS 2.0 feed.
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Here’s Some Predictions From Appdome, Nuspire,
Chris Roeckl, CPO, Appdome
Geo Compliance will become critical as regulators will take a more active role
In 2024, regulators will take a more active role in the mobile security landscape.
In Asia for example, the shared responsibility framework by the Monetary Authority of Singapore and the Infocomm Media Development Authority holds banks, fintechs and telcos to a higher standard to prevent mobile fraud. Hong Kong Monetary Authority (HKMA) also adopted a stronger stance against scams by mandating that banks implement several new measures including enhanced monitoring for suspicious transactions and additional customer authentication. Similarly in the Philippines, the Bangko Sentral ng Pilipinas (BSP) released Circular 1140 aimed at protecting consumers from fraudulent schemes and establishing greater confidence in utilizing digital payment methods.
The differing regulations and frameworks across the world create a complicated compliance process. As a result, geo-compliance will become critical for app makers who are looking to comply with the rules and regulations in force in every geography where their mobile apps are in use. Geo-Compliance has three elements to it (1) easily create different security models for different countries (2) easily demonstrate to the regulators that the security in the mobile app complies with the country and industry specific regulations and (3) actively prevent the use of a mobile app in certain geographies.
App makers will need to look for comprehensive mobile app defense solutions that can protect their consumers and mobile business against all different kinds of cyber threats, mobile fraud, and on-demand malware, both today and tomorrow.
Mike Pedrick, VP of Cybersecurity Consulting, Nuspire:
Business Disruption: Generative AI Outsmarting Users
In 2023, two cases captured national headlines regarding the use of generative AI to make work easier. One case involved a lawyer who asked ChatGPT to compile a list of court decisions that might help win a run-of-the-mill personal injury case – not an unreasonable ask at first blush. However, despite the generative AI tool returning comprehensive cases that showed a clear and direct association with the relevant case – so much so that the attorney submitted them as fact – they were utterly fictitious.
In what is an entertaining echo, the former lead defense attorney for musician Pras Michel used generative AI to build his closing argument. The result? The argument “made frivolous arguments, misapprehended the required elements, conflated the schemes and ignored critical weaknesses in the government’s case.”
The bottom line seems to be that despite the wild popularity of generative AI, it still is not a suitable replacement for human attorneys.
I predict that we’ll hear of other, similar instances of generative AI being used carelessly in 2024 and, most likely, several careers ending in the process.
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This entry was posted on December 21, 2023 at 8:58 am and is filed under Commentary with tags Appdome, Nuspire. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.