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.
Artificial intelligence technologies such as generative AI are not helping fraudsters create new types of scams. They are doing just fine relying on the traditional scams, but the advent of AI is helping them scale up attacks and snare more victims, according to researchers at Visa.
This week, FTX emergency CEO John Ray filleted previous CEO Sam Bankman-Fried, the SEC charged 17 members in a $300 million Ponzi scheme, Hong Kong warned against Bybit, reports said North Korea made half of its revenue from cyberattacks, and police rescued hundreds from a pig-butchering scam center.
In the post-ChatGPT era, nearly every technology company offers some version of artificial intelligence service. But in some companies, the only AI service available is lip service, according to recent Securities and Exchange Commission lawsuits.
DHS plans to embed AI in its operations and use large language models to comb through massive amounts of data to investigate child sex traffickers and drug smugglers. While pledging to use AI responsibly, DHS plans to move quickly and target other areas such as immigration and disaster services.
Artificial intelligence is turning everything it touches into a golden investment opportunity. Edge computing - which is set to play a pivotal role in deploying AI, according to International Data Corp. - is in line to receive $350 billion worth of investments by 2027.
This week, amounts for crypto and phishing losses were released, the Bitcoin Fog operator was convicted, the EU approved rules to strengthen sanctions, the federal government sought to recover losses linked to pig butchering, and the Philippines blocked unlicensed crypto websites.
DARPA said it wants to "redefine" AI security, so it is offering support to seven small businesses to automatically find and fix software vulnerabilities at scale. As part of its AI Cyber Challenge, DARPA awarded the companies $1 million each to develop a "cyber reasoning system" using AI.
Federal authorities have accused a Chinese national who worked as a CTO in a Google supercomputer data center of stealing the company's proprietary artificial intelligence secrets and sharing them with Chinese companies, according to an indictment unsealed on Wednesday.
This week, Binance laid off two-thirds of its staff and said it is exiting Nigeria, Chainalysis released 2023 crime statistics, Fantom said it will seek Multichain's liquidation, hackers stole millions from the WOOFi and Seneca crypto platforms, and Hong Kong blocked six fake websites.
Researchers have created a zero-click, self-spreading worm that can steal personal data through applications that use chatbots powered by generative artificial intelligence. Dubbed Morris II, the malware uses a prompt injection attack vector to trick AI-powered email assistant apps.
The rapid rise of artificial intelligence technologies poses new risks. Enterprises using AI must regularly scan for prompt injection attacks, implement transparency in the supply chain and reinforce built-in software controls to serve their company's security needs, Microsoft said.
This week, progress was made in the FTX case, a hacker testified in the Bitcoin Fog case, an Axie Infinity co-founder and a MicroStrategy account were hacked, the KyberSwap hacker moved funds, the EU has a new AMLA office, and Aleo was breached.
It pays to be nice, even to an inanimate chunk of code masquerading as a conversation partner, find Japanese researchers from Tokyo's Waseda University who investigated the performance of large language models under conditions ranging from rudeness to obsequiousness.
Nearly 1,000 artificial intelligence and technology experts globally have called for regulation around deepfakes to mitigate risks including fraud and political disinformation that could cause "mass confusion." The letter comes on the heels of a 400% spike in deepfake content in the past four years.
This week, FixedFloat lost $26 million in a hack, the U.K. Financial Conduct Authority found illegal promotions of cryptocurrency, GoFundMe shuttered a Tornado Cash fundraiser, and an Australian cop allegedly stole $4 million worth of bitcoins.
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