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Can We Trust AI Decision-Making in Cybersecurity?

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As technology advances and becomes a more integral part of the modern world, cybercriminals will learn new ways to exploit it. The cybersecurity sector must evolve faster. Could artificial intelligence (AI) be a solution for future security threats?

What is AI Decision-Making in Cybersecurity?

AI programs can make autonomous decisions and implement security efforts around the clock. The programs analyze much more risk data at any given time than a human mind. The networks or data storage systems under an AI program’s protection gain continually updated protection that’s always studying responses to ongoing cyber-attacks.

People need cybersecurity experts to implement measures that protect their data or hardware against cyber criminals. Crimes like phishing and denial-of-service attacks happen all the time. While cybersecurity experts need to do things like sleep or study new cybercrime strategies to fight suspicious activity effectively, AI programs don’t have to do either.

Can People Trust AI in Cybersecurity?

Advancements in any field have pros and cons. AI protects user information day and night while automatically learning from cyber attacks happening elsewhere. There’s no room for human error that could cause someone to overlook an exposed network or compromised data.

However, AI software could be a risk in itself. Attacking the software is possible because it’s another part of a computer or network’s system. Human brains aren’t susceptible to malware in the same way.

Deciding if AI should become the leading cybersecurity effort of a network is a complicated decision. Evaluating the benefits and potential risks before choosing is the smartest way to handle a possible cybersecurity transition.

Benefits of AI in Cybersecurity

When people picture an AI program, they likely think of it positively. It’s already active in the everyday lives of global communities. AI programs are reducing safety risks in potentially dangerous workplaces so employees are safer while they’re on the clock. It also has machine learning (ML) capabilities that collect instant data to recognize fraud before people can potentially click links or open documents sent by cybercriminals.

AI decision-making in cybersecurity could be the way of the future. In addition to helping people in numerous industries, it can improve digital security in these significant ways.

It Monitors Around the Clock

Even the most skilled cybersecurity teams have to sleep occasionally. When they aren’t monitoring their networks, intrusions, and vulnerabilities remain a threat. AI can analyze data continuously to recognize potential patterns that indicate an incoming cyber threat. Since global cyber attacks occur every 39 seconds, staying vigilant is crucial to securing data.

It Could Drastically Reduce Financial Loss

An AI program that monitors network, cloud, and application vulnerabilities would also prevent financial loss after a cyber attack. The latest data shows companies lose over $1 million per breach, given the rise of remote employment. Home networks stop internal IT teams from completely controlling a business’s cybersecurity. AI would reach those remote workers and provide an additional layer of security outside professional offices.

It Creates Biometric Validation Options

People accessing systems with AI capabilities can also opt to log into their accounts using biometric validation. Scanning someone’s face or fingerprint creates biometric login credentials instead of or in addition to traditional passwords and two-factor authentication.

Biometric data also save as encrypted numerical values instead of raw data. If cybercriminals hacked into those values, they’d be nearly impossible to reverse engineer and use to access confidential information.

It’s Constantly Learning to Identify Threats

When human-powered IT security teams want to identify new cybersecurity threats, they must undergo training that could take days or weeks. AI programs learn about new dangers automatically. They’re always ready for system updates that inform them about the latest ways cybercriminals are trying to hack their technology.

Continually updating threat identification methods mean network infrastructure and confidential data are safer than ever. There’s no room for human error due to knowledge gaps between training sessions.

It Eliminates Human Error

Someone can become the leading expert in their field but still be subject to human error. People get tired, procrastinate, and forget to take essential steps within their roles. When that happens with someone on an IT security team, it could result in an overlooked security task that leaves the network open to vulnerabilities.

AI doesn’t get tired or forget what it needs to do. It removes potential shortcomings due to human error, making cybersecurity processes more efficient. Lapses in security and network holes won’t remain a risk for long, if they happen at all.

Potential Concerns to Consider

As with any new technological development, AI still poses a few risks. It’s relatively new, so cybersecurity experts should remember these potential concerns when picturing a future of AI decision-making.

Effective AI Needs Updated Data Sets

AI also requires an updated data set to remain at peak performance. Without input from computers across a company’s entire network, it wouldn’t provide the security expected from the client. Sensitive information could remain more at risk of intrusions because the AI system doesn’t know it’s there.

Data sets also include the latest upgrades in cybersecurity resources. The AI system would need the newest malware profiles and anomaly detection capabilities to provide adequate protection consistently. Providing that information can be more work than an IT team can handle at one time.

IT team members would need the training to gather and provide updated data sets to their newly installed AI security programs. Every step of upgrading to AI decision-making takes time and financial resources. Organizations lacking the ability to do both swiftly could become more vulnerable to attacks than before.

Algorithms Aren’t Always Transparent

Some older methods of cybersecurity protection are easier for IT professionals to take apart. They could easily access every layer of security measures for traditional systems, whereas AI programs are much more complex.

AI isn’t easy for people to take apart for minor data mining because it’s supposed to function independently. IT and cybersecurity professionals may see it as less transparent and more challenging to manipulate to a business’s advantage. It requires more trust in the automatic nature of the system, which can make people wary of using them for their most sensitive security needs.

AI Can Still Present False Positives

ML algorithms are part of AI decision-making. People rely on that vital component of AI programs to identify security risks, but even computers aren’t perfect. Due to data reliance and the newness of technology, all machine learning algorithms can make anomaly detection mistakes.

When an AI security program detects an anomaly, it may alert security operations center experts so they can manually review and remove the issue. However, the program can also remove it automatically. Although that’s a benefit for real threats, it’s dangerous when the detection is a false positive.

The AI algorithm could remove data or network patches that aren’t a threat. That makes the system more at risk for real security issues, especially if there isn’t a watchful IT team monitoring what the algorithm is doing.

If events like that happen regularly, the team could also become distracted. They’d have to devote attention to sorting through false positives and fixing what the algorithm accidentally disrupted. Cybercriminals would have an easier time bypassing both the team and the algorithm if this complication lasted long-term. In this scenario, updating the AI software or waiting for more advanced programming could be the best way to avoid false positives.

Prepare for AI’s Decision-Making Potential

Artificial intelligence is already helping people secure sensitive information. If more people begin to trust AI decision-making in cybersecurity for broader uses, there could be potential benefits against future attacks.

Understanding the risks and rewards of implementing technology in new ways is always essential.

Cybersecurity teams will understand how best to implement technology in new ways without opening their systems to potential weaknesses.

Featured Image Credit: Photo by cottonbro studio; Pexels; Thank you!

Zac Amos

Zac is the Features Editor at ReHack, where he covers tech trends ranging from cybersecurity to IoT and anything in between.

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Fintech Kennek raises $12.5M seed round to digitize lending

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London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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