Synthetic identity fraud is skyrocketing, fueled by the rise of deepfakes and voice clones. This alarming trend is no longer a shocker.
At Tech Week Singapore, Syed Ubaid Ali Jafri, Head of Cyber Defense and Offensive Security at Habib Bank Limited (HBL), shared his insights on the sophistication of these threats, covering:
▶️Rise of Cybercrime Tools: Advanced phishing tools are now on the surface web, making it easier for less-skilled attackers.
▶️AI’s Role in Attacks: AI can clone voices and produce realistic deepfake videos using just 15 images!
▶️Detection Challenges: AI-generated text removes traditional phishing clues, making detection harder.
▶️Protect Yourself: Be cautious about what you share online.
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01:28 – AI has lowered the barriers for cybercriminals, simplifying tasks e.g. coding, creating deceptive emails
01:55 – influx of new threat actors – using simple yet effective techniques
02:25 – threat actors have increased, emerging from countries previously not known for cyber threats
02:56 – Phishing-as-a-service: cheaper, more accessible?
03:21 – Once only on the dark web, now accessible on the surface web
03:47 – Low cost to exploit large systems
04:12 – GenAI has further expanded the victims pool
04:38 – Before, perpetrators were spotted by spelling / language errors
04:54 – Now AI can craft highly convincing emails in the victim’s language
05:09 – Previous detection methods are no longer effective
05:39 – GenAI + Voice cloning is elevating the threat
05:48 – Detecting voice cloning is challenging for the average user
06:12 – On the other hand, creating a voice clone is relatively easy
06:32 – By impersonating loved ones, the voice clone can be used to defraud
06:59 – targeted phishing attacks that exploit victim’s personal information
07:36 – Deepfakes enhances the threat sophistication?
07:59 – Deepfakes can be created using just a small number of photos
08:49 – Be careful when sharing online – Online information can be exploited
09:40 – Even content marked as private can be accessed by others
10:02 – Online information can be used to create profiles for exploitation
10:21 – Be cautious about accepting friend requests from strangers
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Syed Ubaid Ali Jafri – Head of Cyber Defense and Offensive Security, Habib Bank Limited (HBL)
Syed Ubaid Ali Jafri stands as a beacon of motivation and expertise in the realm of cybersecurity. With a stellar background in information security, digital forensics, and risk management, Jafri’s presentations are not just informative—they’re captivating journeys filled with real-life experiences and practical insights. His unique approach to presentations, combining real-life experiences with practical insights, has garnered him a reputation for being both entertaining and enlightening. As the Head of Cyber Defense and Offensive Security at Habib Bank Limited (HBL), he leads with authority honed from his tenure at KPMG, where he spearheaded ground-breaking work in Cybersecurity & Forensic Technology. From Cyber Defense to Threat Intelligence, Jafri’s mastery in diverse cybersecurity domains makes him a force to be reckoned with.
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Recorded 10th Oct 2024, Tech Week Singapore 2024, 12.40pm.
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