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Compass News
Expanding mutual funds into India
Premier André Ebanks announced plans at the annual Parliamentary Luncheon that Cayman’s mutual fund products are being positioned to enter the Indian marketplace.
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Cayman Compass
AI attacks a major risk for Cayman companies, PwC warns
Attacks using artificial intelligence pose a major threat to the security of Cayman companies, a ‘Big Four’ financial services firm has warned.
PwC Cayman’s Risk Assurance Manager Yousra Cherrouk said the fast-developing technology created new risks for the jurisdiction’s business.
She said, “Alongside traditional cyber threats, such as ransomware and phishing, AI enables more sophisticated attacks, including synthetic identity fraud, deepfakes and misinformation that can erode trust.”
Cherrouk added, “Beyond security, there are risks from biased algorithms, data misuse and limited oversight in automated decision-making.
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