Securing the Future: OneDegree Global’s Trailblazing Leadership at Industry Events with Vulcan in AI Safety and Security
Singapore, 28 November 2024 – In light of rapidly evolving regulations like Hong Kong FSTB’s Policy Statement on AI and the rising adoption of GenAI, OneDegree Global has taken the stage at various industry events in Asia. CEO Michelle Ip recently shed light on the pivotal role of AI security and regulatory compliance in financial services’ digital transformation by participating in multiple industry events and interviews.
At the Hong Kong Fintech Week, Michelle reiterated how Cymetrics Vulcan, an advanced GenAI security and large language model (LLM) verification platform designed to assess AI models for vulnerabilities and compliance with Responsible AI standards, is paving the way for safe GenAI adoption in Asia. According to an Executive Summary by the Association of Banks in Singapore, itidentified toxicity and hallucination as the top risks among the top 10 concerns, where Vulcan is proficient in testing for safety and accuracy, aligning seamlessly with the guardrails advocated by industry experts, including the specialized Red Teaming service we provide.
Michelle Ip, CEO of OneDegree Global, says: “At OneDegree Global, we are committed to driving forward the responsible integration of AI technologies in the financial sector, ensuring compliance with evolving regulations and bolstering cybersecurity measures. Our relentless pursuit of innovation and excellence underscores our mission to build a secure digital future for all.”
During the Live Stage of Singapore Fintech Festival, Sue Yen Leow, Director of Partnerships at OneDegree Global, emphasized the crucial interplay between AI assessments and cybersecurity in bolstering business resilience. To build resilient enterprises with AI guardrails involves establishing a comprehensive security framework to safeguard businesses against potential risks associated with AI technologies. This approach entails implementing enterprise governance and training programs to educate employees on security protocols and equip them to effectively manage and mitigate risks. At the system level, enterprises can deploy key measures such as incorporating human-in-the-loop systems, integrating user feedback mechanisms for continuous improvement, conducting thorough monitoring and validation processes, and ensuring user transparency and consent.
Technically, the adoption of filtering and control mechanisms, engaging in red teaming exercises, optimizing prompt design strategies, and customizing model designs are vital steps to enhance the resilience of enterprises against cybersecurity threats and breaches. By integrating these AI guardrails, organizations can create a secure and trustworthy environment for AI applications, fostering resilience and ensuring the integrity of their operations.
Meanwhile, CIO Stanley Chou exchanged his views on tackling data loss and online fraud at the Vietnam Cybersecurity Day in Hanoi, alongside notable figures like Dung Le from The State
Bank of Vietnam and industry experts Kheng Hwa Teo and David Beck. The session shed light on pressing issues such as the rise of sophisticated AI-powered threats like GenAI voice phishing and the importance of modernizing anti-fraud solutions with AI and ML integration.
Cymetrics Vulcan has recently been awarded at the 2024 Digital Sandbox AI Finance PoC Program hosted by FinTechSpace in Taiwan, and is continuing to lead in AI safety and security through collaborations with key authorities like the Singapore Infocomm Media Development Authority and the Hong Kong Monetary Authority. By harnessing Vulcan’s cutting-edge capabilities, businesses can navigate the intricate landscape of AI adoption with confidence, knowing that their systems are fortified against potential risks and aligned with the latest standards of ethical AI practices.