dan fiehn
dan fiehn

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This week, Artificial Intelligence Recommendations: 5 helpful reasons to getting more responsible.

 

Welcome to The Digital Eye, your weekly roundup of the latest technology news. 

Our team of experts has scoured the internet for the most exciting and informative articles so that you can stay up-to-date on Digital, Data, Blockchain, AI & Analytics, and Digital Transformation.

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How AI and machine learning are changing the phishing game

AI isn’t nearly as high-tech as some think, yet it can still be used to take advantage of unsuspecting individuals.

 

Bad actors have learned: The more data they’re able to harvest about you, the more likely they’ll be able to successfully phish you. Which is probably why this attack vector has never been more popular.

Proofpoint’s 2022 State of the Phish report revealed that 83% of organizations suffered a successful email-based phishing attack in 2021, a 46% increase compared to 2020. Seventy-eight percent of companies faced a ransomwareattack that was propagated from a phishing email, while 86% of businesses experienced bulk phishing attacks and 77% sustained business email compromise (BEC) attacks.

Global phishing attacks climbed 29% over the past 12 months to a record 873.9 million attacks, according to the latest Zscaler ThreatLabz Phishing Report, and there was a record number of phishing attacks (1,025,968) in the first quarter of 2022, per the Phishing Activity Trends report from the Anti-Phishing Working Group (APWG). But things are getting even more complicated.

 

Blockchain: A fix for the broken data layer underlying the global labour market

The blockchain has the potential to radically change the way people navigate their careers and livelihoods and how employers make talent decisions.

 

Let’s face it: The labor market is completely outdated. It’s been that way for a while.

Change is finally coming based on three major forces all converging. These forces — the volatile and disrupted labor market, rising privacy concerns and the emergence of blockchain technology — are creating a necessary change in the way individuals navigate their careers and livelihood, and how employers and other stakeholders in the labor market make workforce-related decisions.

The possible end result is a once-in-a-generation revolution for the job market. 

 

 

Banks can’t afford to roll their eyes at the metaverse

Consumer banks must act now to leverage the metaverse to give young and future customers the personalized and immersive experience they want.

With virtual assets already being traded and sold in the metaverse, there is an inevitable demand that financial services, specifically banking, ensure secure payments, investments and transactions for all customers. We take physical and online banking security measures for granted, but how do these regulations and safeguards translate to a virtual world?

Luckily, banks have a long history of dealing with fraud in the real and online markets. Forward-thinking banks are already thinking about the metaverse as well, as they seek to capitalize on the untapped potential that an immersive, memorable and personalized customer experience offers.

Pilot programs are already underway for connected experiences in areas such as 3D banking and personalized virtual banking. Innovative payment platforms and decentralized autonomous organizations (DAOs) will also make their way to the metaverse, creating a safe and engaging banking experience for the next generation of customers.

 

    Meta and Ray-ban are working on new AR glasses

    All of this stuff is research, but it is a glimpse of where technology is headed.

    Meta CEO Mark Zuckerberg said that his company is working with Ray-ban on creating new augmented reality glasses.

    This product is coming sometime in the future, and it’s in addition to the existing partnership that Meta and Ray-ban have on Ray-ban Stories glasses. Zuckerberg said that AR glasses will get more sophisticated over time. Rocco Basilico of Luxotica showed off a demo of the new tech. And Ray-ban Stories will get a Spotify update.

    The announcement was part of the company’s Meta Connect event where Zuckerberg talked about things coming the future. And Meta is working on a lot of things.

    Are NFTs the future of digital property? Or do they represent a fad that’s both dangerous for investors and devastating for the environment?

    NFTs (non-fungible tokens) might be the most confusing commodity on the internet right now. At its most basic, an NFT is computer code that represents ownership of digital items. But what does that actually mean? And why are they suddenly exploding in value?

    How did global NFT sales rise by 30,000% from 2020 to a total of $13 billion in 2021? And are you missing out (or dodging a bullet) if you don’t invest?

    This article is your comprehensive guide to NFTs. We’ll provide an overview of NFTs, how they work, and their real-world applications. We’ll also show you how to successfully create, buy, and sell NFTs.

    Featured Article

     

    Artificial Intelligence Recommendations: 5 Helpful Reasons To Getting More Responsible

    With great power comes great responsibility.

    Artificial Intelligence Recommendations: 5 Helpful Reasons To Getting More Responsible

    As artificial intelligence continues to gain traction, there has been a rising level of discussion about “responsible AI” (and, closely related, ethical AI). While AI is entrusted to carry more decision-making workloads, it’s still based on algorithms that respond to models and data, as I and my co-author Andy Thurai explain in a recent Harvard Business Review article.

    As a result, AI and often misses the big picture and most times can’t analyze the decision with reasoning behind it. It certainly isn’t ready to assume human qualities that emphasize empathy, ethics, and morality.

     
     

    Is this a concern that is shared within the executive suites of companies deploying AI? Yes, a recent study of 1,000 executives published by MIT Sloan Management Review and Boston Consulting Group confirms. However, the study finds, while most executives agree that “responsible AI is instrumental to mitigating technology’s risks — including issues of safety, bias, fairness, and privacy — they acknowledged a failure to prioritize it.”

    In other words, when it comes to AI, it’s damn the torpedoes and full speed ahead. However, more attention needs to paid to those torpedoes, which may take the form of lawsuits, regulations, and damaging decisions. At the same time, more adherence to responsible AI may deliver tangible business benefits.

     

     

    THE DIGITAL EYE

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