MUMBAI: RBI governor Shaktikanta Das cautioned against unchecked use of artificial intelligence and machine learning in banking, saying it poses risks like market concentration, systemic instability, and increased vulnerability to cyberattacks.“Heavy reliance on AI can lead to concentration risks, especially when a small number of tech providers dominate the market.This could amplify systemic risks, as…
A new report by a United Nations panel set up to monitor North Korea’s compliance with international sanctions claims Pyongyang continues “malicious” cyberattacks that have netted the regime around $3 billion (€2.76 billion) in the six years to 2023. The proceeds have reportedly funded as much as 40% of the cost of its weapons of…
China is developing the “ability to physically wreak havoc” on US critical infrastructure and its hackers are waiting “for just the right moment to deal a devastating blow”, FBI Director Christopher Wray said on Thursday. The comments were in relation to a Chinese government-linked hacking campaign dubbed Volt Typhoon. The campaign was disclosed by the…
