Learning to Collaborate and Share Cyber Threat Intelligence in the Fight Against Social Engineering Fraud Facilitated by Human Error

James Lau, Chief Legal Officer, NatSteel Holdings Pte. Ltd., A TATA Enterprise, Singapore

This article is intended for in-house counsel to help create greater awareness of social engineering fraud, the need for collaboration and sharing cybersecurity threat intelligence and to help cascade commonsensical good hygiene practices for inoculating their companies, customers and suppliers from becoming victims of social engineering fraud. Social engineering fraud is defined by the International Police Organization (’INTERPOL”) as:- ’… a broad term that refers to the scams used by criminals to trick, deceive and manipulate their victims into giving out confidential information and funds.”

Chief Legal Officer with 24 years with both contentious and non-contentious international cross-border transactional and dispute-resolution experience acquired through a combination of private practice at industry-leading law firms and in-house roles at Fortune 500 Multinational Corporations .

NatSteel Holdings is well-known Singapore subsidiary of Tata Steel Limited, a Fortune 500 Company. TATA Group’s total revenue in fiscal year 2015-2016 was USD103.51 billion, of which 67.3% was from outside India. Its key companies are Tata Communications Services Limited, Tata Motors Limited (of which Land Rover and Jaguar are part), Tata Power Limited and Tata Steel Limited.