On one side is the need for strong guidelines and guardrails, if not regulations, to ensure ethical development and deployment of AI. On the other is the awareness that AI can just as effectively be used by bad actors to do harm, to steal your identity, to carry out phishing attacks, and even cause mass social unrest.
This issue is particularly pressing for small states like Singapore. In 2024 scam victims in Singapore lost a record S$1.1 billion, up 70% from 2023. This translates to a per capita loss of US$166, the highest globally.
In a recent (March 10, 2025) podcast with Dr Martin Saerbeck, CTO of AIQURIS – A TUV SUD Venture, we also discussed how frameworks like IMDA‘s AIVerify and ProjectMoonshot, and the Singapore Computer Society‘s AI E&G BoK can help organizations set guidelines and guardrails for ethical AI practices.
Read the post from TÜV SÜD here: The Future of Responsible AI: Ethics, Governance, and Cybersecurity Risks
View the podcast here: AI Governance in a Rapidly Evolving Landscape: Perspectives from Raju Chellam – YouTube