North Korea's cryptocurrency theft, ChatGPT's recognition issues & 5G Cybersecurity Risks

Catch the latest episode of the APAC Cyber Security Show, packed with insights and updates on the hottest topics in the world of cybersecurity.

In this episode, co-hosts Brian Fernandez and Benjamin Ang, Head of Cyber and Homeland Defense at NTU Singapore, share their views on fascinating industry developments, including:

North Korea’s cyber attacks targeting Japanese cryptocurrency assets, resulting in the theft of US$721 million since 2017. This amounts to 30% of global search forces, as reported by a UK compliance study. The UN Security Council panel of experts reveals that North Korea stole between 600 billion and 1 trillion in 2022 alone. Ben advises using reputable or regulated exchanges to reduce cryptocurrency risks, as storing private keys on computers can lead to hacking.
ChatGPT’s failure to recognize Japanese Digital Transformation Minister Kono Taro, despite his advocacy for increased use of artificial intelligence in addressing labor shortages due to population decline. Ben highlights this issue and urges caution, as ChatGPT is still a work in progress and not all information it provides is accurate.
An Economic Times article highlighting the new cybersecurity risks, particularly IoT security, associated with the adoption of 5G networks. Ben emphasizes that while 5G offers many benefits, smart devices (Internet of Things) are susceptible to hacking due to their low-cost deployment and lack of built-in security measures. He advises listeners to be mindful of their product choices and recommends organizations to carefully handle the data they collect. Additionally, he advocates for good security practices such as data encryption and password protection for both businesses and individuals.