Ramesh has seven years of experience writing and editing stories on finance, enterprise and consumer technology, and diversity and inclusion. She has previously worked at formerly News Corp-owned TechCircle, business daily The Economic Times and The New Indian Express.
U.S. President Joe Biden says he expects to soon sign an executive order detailing how the United States can harness opportunities of artificial intelligence while protecting citizens from "profound" risks. The United States is far from enacting comprehensive AI regulation.
This week: Mixin Network investigated a $200 million hack, Web3 lost $889 million to hacks, phishing scams and rug during the third quarter, hackers stole $8 million from HTX, Binance sought to dismiss the SEC wash trading case; and Nansen and OpenSea suffered third-party security incidents.
The United States and South Korea reaffirmed a commitment to mitigate the risks in technologies including AI, 5G networks and cloud computing, while developing an "inclusive approach" to govern their use. The two countries said governance must support the development of trustworthy AI.
Federal Reserve Board Governor Lisa D. Cook is cautiously optimistic about the impact of generative AI on jobs and productivity but urged the industry to address the "very real concerns." While she sees "broad benefits from its use, in the short term, she said, AI could disrupt the labor market.
DHS says it will eschew biased artificial intelligence decision-making and facial recognition systems as part of an ongoing federal effort to promote "trustworthy AI." "Artificial intelligence is a powerful tool we must harness effectively," said Secretary of Homeland Security Alejandro Mayorkas.
This week, Vitalik Buterin was the victim of a SIM swapping attack, North Korea likely orchestrated the $55 million CoinEx hack, OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison and former FTX executive Ryan Salame will reportedly plead guilty to criminal charges.
U.S. federal agencies are advising organizations to hone their real-time verification capabilities and passive detection techniques to alleviate the impact of deepfakes. The technology's easy accessibility means less capable malicious actors can make use of deepfakes' mounting verisimilitude.
Adobe, IBM, Nvidia, and five additional tech giants on Tuesday signed onto a White House-driven initiative for developing secure and trustworthy generative artificial intelligence models. The commitments, at least for now, are the closet approximation of targeted AI regulation in the United States.
California Gov. Gavin Newsom on Wednesday signed an executive order to study the development, use and risks of artificial intelligence, and develop a process to deploy "trustworthy AI" in the state government. The order calls for a staggered implementation over the next two years.
This week's roundup includes an update on the Tornado Cash case, a proposal for a law-abiding crypto mixer, August hack numbers, Stake's resumption of operations, Binance's delisting of privacy coins in Belgium and a court order against the CEO of Celsius.
Artificial intelligence holds the potential to undermine trust in democracy - but overwrought warnings themselves can erode trust in the system critics seek to preserve, warns a cybersecurity firm. AI is "a long way from massively influencing our perception of reality and political discourse."
Regulatory scrutiny over artificial intelligence will only mount, warns consultancy KPMG in a report advising companies to proactively set up guardrails to manage risk. Even in the absence of regulatory regimes, "companies must proactively set appropriate risk and compliance guardrails."
Threat actors are manipulating the technology behind large language model chatbots to access confidential information, generate offensive content and "trigger unintended consequences," warns the U.K. National Cyber Security Center. Prompt injection attacks are "extremely difficult" to mitigate.
This week, Cypher rolled out a futuristic compensation plan for victims, hackers exploited crypto users via a WinRAR bug and separately stole $900,000 from Balancer, the DEA lost $500K to a crypto scammer and the EU Data Act's smart contract provision raised questions.
This week, charges were filed against Tornado Cash founders, the FBI found North Korean bitcoin wallets holding stolen cash, theft occurred in the Exactly and Harbor protocols, Venus Protocol liquidated a hacker's wallet, Terra paused operations, and Thailand threatened Meta over crypto scam ads.
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