GovTech and Google DeepMind developing real-time detection of AI scams on devices

GovTech and Google DeepMind developing real-time detection of AI scams on devices


QUANTUM THREATS

Singapore should also pay close attention to quantum-related risks, said Mrs Teo.

Quantum computing uses the principles of quantum physics to solve complex problems. While it holds “enormous promise”, sufficiently powerful quantum computers could eventually break some of the cryptography protecting financial transactions, sensitive communications and digital systems, she said.

“We do not know when this will happen. But we know we must prepare for it. Bad actors are already motivated to steal sensitive encrypted data while waiting for quantum computers to decrypt them in future,” she said.

For larger organisations, migrating to quantum-safe solutions can take several years. They must assess risks, prioritise systems and data, and identify where current encryption can be broken.

They also need to work with technology suppliers, test alternative methods of encryption and progressively migrate their systems, she said.




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