Japan's crypto overhaul and the widening gap with the US: what to watch
Japan has moved crypto under securities rules and plans a 20% tax rate, but ETFs and lower taxes are not yet in force; the US still leads.
INTERPOL's security chief advises companies to first identify 'crown jewels' for AI defense and warns about agentic AI risks.
Companies are urged to first locate their 'crown jewels' to defend against AI-driven fraud and scams, INTERPOL's global chief information security officer Bjorn R. Watne said.
Watne spoke with CNBC at Tech Week Singapore on Thursday. AI mainly helps criminals run familiar tactics faster and on a larger scale, according to him.
AI allows scammers to hit multiple targets at once, Watne said. Better translation and digital identities make fraudulent contacts harder to tell from genuine ones.
Watne advised companies to first pinpoint the assets most critical to their operations. They should also assess who might want to steal or disrupt those assets.
From there, companies can study those adversaries' tactics and technologies through threat intelligence and adjust their defenses accordingly.
"There is no need for everyone to try and protect against everything all at once when they're not being targeted by it," he said.
Watne said that opportunistic criminals and advanced persistent threat (APT) actors may require different defenses. He noted that cyber risk is rising on corporate risk registers, but cybersecurity has not fully reached many boardrooms.
State-backed hackers are already scaling up with AI. TeamT5 found that Chinese state-affiliated groups more than doubled attack volume after adopting open-source AI models.
Agentic AI, which performs tasks for users, is a particular concern for Watne. He specifically worries about these systems acting on behalf of users.
He warned that incorrect actions, especially in the physical world, could cause bodily harm. He flagged AI in cars and self-driving vehicles as a concern.
This risk also concerns Western governments. In May, the US Cybersecurity and Infrastructure Security Agency (CISA) issued joint agentic AI guidance, telling organizations to assume these systems may behave unexpectedly until security standards mature.
In August, OpenAI published an open letter warning that AI-enabled attacks will become far more widespread within months. Anthropic, Google, Microsoft, Coinbase, and Circle are among the signatories, which numbered more than 100 at launch.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Japan has moved crypto under securities rules and plans a 20% tax rate, but ETFs and lower taxes are not yet in force; the US still leads.
Jonathan Spalletta convicted for stealing $53.3M from Uranium Finance, used funds on collectibles.
CFTC Chair Mike Selig said new rules will prevent another FTX-style collapse as the agency seeks comments on a new crypto exchange registration category.
Sberbank has become Russia's first bank approved by the central bank to custody bitcoin and other cryptocurrencies.