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.
Former wunderkinds Sam Bankman-Fried and Changpeng Zhao, torchbearers of a flailing crypto industry and now confirmed felons, may provoke the regulatory retrenchment that saves the industry from itself. But obstacles exist in the blockchain structure of cryptocurrency.
This week's cryptocurrency hack roundup features hackers stealing $87 million from Heco, Kronos reporting $25 million stolen via an API breach, regulators filing charges against Kraken, and feds charging three people with stealing $10 million and seizing $9 million tied to a pig-butchering scam.
Nearly a dozen critical vulnerabilities in the technical infrastructure that companies use to build artificial intelligence models could allow hackers to access the tools and use them as gateways into the systems in which they are housed. Several of the 15 disclosed vulnerabilities are not patched.
The U.S. Federal Trade Commission says it will offer a $250,000 prize to the entrepreneur who can find a "breakthrough idea" that will help monitor, prevent or evaluate the malicious use of artificial intelligence-enabled voice-cloning technology.
This week, Poloniex prepared to resume operations after a $100 million hack, a OneCoin executive pleaded guilty, the SEC reported an "impactful" crypto enforcement year, a bug put $2.1 billion at risk, $27 million was stolen, the Data Act vote happened in Europe, and China released an NFT theft law.
This week, the trial of the alleged Mango Markets hacker was delayed, Bitfinex reported a "minor" cybersecurity incident, the U.S. Securities and Exchange Commission sought summary judgement in the Terraform Labs case and the U.S. Department of Treasury designated a Russian money launderer.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, Sam Bankman-Fried testified in his U.S. criminal trial, the United Kingdom issued further crypto regulation, U.S. federal law enforcement arrested SafeMoon executives, and Onyx and Unibot each fell victim to a hack.
The United Nations unveiled Thursday an AI advisory body that looks to analyze risks and make recommendations on international governance for the technology. The body comprises 38 experts across geographies and industries, including from government, the private sector and civil society.
This week: Sam Bankman-Fried says he'll testify, FinCEN proposed recording crypto transactions involving mixers, a financial investigation firm used NFTs to track stolen funds, Atomic Wallet froze $2 million of $100 million in hacked funds and advocates challenged the US SEC's Binance lawsuit.
Security researchers with novel ways to make Google artificial intelligence models leak sensitive training data or otherwise misbehave can submit their findings to the internet giant's bug bounty program. The company also said Thursday that it's expanding its work on supply chain security for AI.
ChatGPT can craft almost perfect phishing emails in five minutes, nearly beating a social engineering team with decades of experience, the results of a "nail-biting" experiment by IBM showed. The "humans emerged victorious, but by the narrowest of margins," the report said.
Techno-optimistic New York City Mayor Eric Adams on Monday unveiled a plan he said can convert the notoriously bureaucratic city administration into an AI powerhouse. AI presents a "once-in-a-generation opportunity" to improve city services, the Democratic mayor said.
This week, Chainalysis busted crypto terrorist financing myths, the Sam Bankman-Fried trial continued, Stars Arena got back 90% of its stolen funds, an EU authority warned about DeFi risks, the U.S. FDIC said it would focus more on crypto, and California's governor approved crypto regulations.
Watermarking is a core part of a White House trustworthiness initiative to bind companies into observing steps to guarantee the safety of AI products. The problem, say AI experts, is that watermarking is as likely to fail as succeed. Watermarking removal tools are available on the open internet.
This week: A crackdown on Hamas' cryptocurrency accounts, more revelations from the trial of Sam Bankman-Fried, Voyager Capital settles with the U.S. Federal Trade Commission - while former CEO Stephen Ehrlich does not - and Elliptic says hackers have cumulatively laundered $7 billion to date.
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