City-state Singapore currently has no plans to regulate artificial intelligence (A.I.)

Singapore’s Marina Bay waterfront. Singapore is taking a unique approach when it comes to regulating artificial intelligence (AI). Rather than jumping to regulate AI, the government is adopting a wait-and-see approach. Lee Wan Sie, the director for trusted AI and data at Singapore’s Infocomm Media Development Authority (IMDA), stated that they are not currently looking …

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DOJ reports tens of millions extorted by Russian ransomware hacker

A 20-year-old Russian hacker has been implicated in a sophisticated campaign that aimed to extort millions of dollars from over 1,400 victims, as confirmed by federal prosecutors. The hacker, Ruslan Astamirov, hailing from the Russian-controlled Chechen Republic, was apprehended by federal law enforcement agents for charges including conspiracy to commit wire fraud and ransoming. Astamirov’s …

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‘Intrusions’ Impact Energy Department and other Government Agencies

The Department of Energy and several other federal agencies have fallen victim to a ransomware attack, which has also targeted businesses in the UK and other countries worldwide. The US Cybersecurity and Infrastructure Security Agency (CISA) is providing assistance to the affected agencies, as stated by Eric Goldstein, CISA’s executive assistant director of cybersecurity. He …

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Binance and Coinbase Executives’ Fortunes Decreased by Billions of Dollars

The Securities and Exchange Commission (SEC) has filed lawsuits against two of the largest cryptocurrency exchanges globally — Binance and Coinbase. The lawsuits led to billions being slashed from the net worth of both CEOs. Bloomberg reported that over the past two days, Binance CEO Changpeng Zhao’s wealth dipped by $1.4 billion to $26 billion, …

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