artificial intelligence

20% of Generative AI ‘Jailbreak’ Attacks are Successful

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20% of Generative AI ‘Jailbreak’ Attacks are Successful

Generative AI jailbreak attacks, where models are instructed to ignore their safeguards, succeed 20% of the time, research has found. On average, adversaries need just 42 seconds and five interactions to break through. In some cases, attacks occur in as little as four seconds. These findings both highlight the significant vulnerabilities in current GenAI algorithms and the difficulty in preventing exploitations in real time. Of the successful attacks, 90% lead to sensitive data leaks, according…

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Global Cyber Attacks to Double from 2020 to 2024, Report Finds

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Global Cyber Attacks to Double from 2020 to 2024, Report Finds

On the first day of Cybersecurity Awareness Month in the U.S., research has revealed that the number of significant global cyber attacks in 2024 will be double that of 2020. A new report from insurer QBE, Connected Business: digital dependency fuelling risk, predicts that organisations will be hit by 211 disruptive and destructive cyber attacks this year. Disruptive incidents are reversible and only impact data availability, integrity, or access — such as distributed denial-of-service attacks….

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Security Leaders Consider Banning AI-Generated Code

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Security Leaders Consider Banning AI-Generated Code

One of the most-touted benefits of the proliferation of artificial intelligence is how it can assist developers with menial tasks. However, new research shows that security leaders are not entirely on board, with 63% contemplating banning the use of AI in coding due to the risks it imposes. An even larger proportion, 92%, of the decision-makers surveyed are concerned about the use of AI-generated code in their organisation. Their main concerns all relate to the…

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Australian IT Spending to Surge in 2025: Cybersecurity & AI Focus

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Australian IT Spending to Surge in 2025: Cybersecurity & AI Focus

New Gartner forecasting suggests that IT spending in Australia will surge 8.7% to AU$147 billion in 2025. This boost in spending is projected to be driven by a “perfect storm” of interest in AI, ongoing requirements around cyber security, and the need to refresh hardware as Windows 10 goes out of service, Gartner representatives say. Strategic investments in cyber security and AI In an interview with TechRepublic, Andy Rowsell-Jones, Gartner distinguished VP analyst, said that…

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Low Media Literacy: A Risk to Australia's Cybersecurity Landscape

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Low Media Literacy: A Risk to Australia's Cybersecurity Landscape

A recent study by Western Sydney University, Adult Media Literacy in 2024, revealed worryingly low levels of media literacy among Australians, particularly given the deepfake capabilities posted by newer AI technologies. This deficiency poses an IT security risk, given that human error remains the leading cause of security breaches. As disinformation and deepfakes become increasingly sophisticated, the need for a cohesive national response is more urgent than ever, the report noted. Because AI can produce…

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Report Highlights Rising Risks in Sensitive Data Management

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Report Highlights Rising Risks in Sensitive Data Management

The volume of sensitive data that companies are harbouring in non-production environments, like development, testing, analytics, and AI/ML, is rising, according to a new report. Executives are also getting more concerned about protecting it — and feeding it into new AI products is not helping. The “Delphix 2024 State of Data Compliance and Security Report” found that 74% of organisations that handle sensitive data increased the volume kept in non-production, also known as lower, environments…

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NIST's New Post-Quantum Cryptography Standards Announced

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NIST's New Post-Quantum Cryptography Standards Announced

The U.S. National Institute of Standards and Technology this week unveiled three encryption algorithms designed to resist cyberattacks, which industry observers said are a positive step toward preventing cyberattacks that break current encryption methods. The Federal Information Processing Standard (FIPS) 203, 204, and 205 provide standards for general encryption and protecting digital signatures. They were derived from multiple submissions in NIST’s post-quantum cryptography standardization project. Quantum computers are rapidly increasing the ability for high-performance computing,…

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CBA’s x15ventures Set to Lead in Fintech AI Innovation

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CBA’s x15ventures Set to Lead in Fintech AI Innovation

On Aug. 20, the Commonwealth Bank of Australia’s venture-scaling arm, x15ventures, will close applications for its annual Xccelerate program — an opportunity for tech startups to win a $250,000 investment into their company. The competition reflects the CBA’s broader efforts to establish itself as a dominant force in fintech AI. The bank’s initiatives, including its partnership with Microsoft and the work of x15ventures, highlight its intent to replicate the success of its ambitious digital transformation…

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Australian Enterprises Coming 4th in 2024 Global Survey of Generative AI Usage

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Australian Enterprises Coming 4th in 2024 Global Survey of Generative AI Usage

Australian organisations have ranked fourth in an assessment of how widely enterprises in 16 countries are using and implementing generative AI. The survey, conducted by data analytics firm SAS, found that 63% of Australian businesses are now using generative AI. The findings, based on responses from 1,600 global AI and data analytics decision makers, found that Australian generative AI usage is ahead of the global average and that Australia is leading the pack when it…

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Black Hat Roundup 2024: What to Expect From This Week’s Security Events

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Black Hat Roundup 2024: What to Expect From This Week’s Security Events

Black Hat and DEF CON are two of the major security conferences in the U.S., drawing large crowds of cyber and AI decision-makers to Las Vegas. Black Hat USA 2024 runs from August 3-8, with most of the briefings occurring on August 7 and 8; DEF CON 32 runs from August 8-11. We’re rounding up the enterprise business tech news from Black Hat and DEF CON that is most relevant for IT and tech decision-makers….

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