Hi-Tech Crime CRIM30375

Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading John Hawkins , University of Canberra It is not just crypto tokens that have spectacular downfalls. So can crypto personalities. Sam Bankman-Fried founded FTX, one of the world’s largest exchanges for so-called cryptocurrencies, which collapsed last year owing billions of dollars. Now he has gone from being hailed as potentially the world’s first trillionaire to a lengthy term in prison. After a month-long trial, a New York jury took less than five hours to find him guilty on seven counts of fraud and money laundering. Bankman-Fried’s conviction highlights the risks of crypto markets, where people trade tokens with no fundamental value via hugely complex and poorly regulated financial machinery. The Australian government is currently considering how to protect consumers in such markets. Treasury has commenced a consultation process . But it will not be an easy task when so mu

Self-driving buses that go wherever you want? How the UK is trying to revolutionise public transport Scotland’s CAVForth self-driving bus service began in May 2023, serving a 14-mile route that crosses the Forth Road Bridge on the outskirts of Edinburgh. Stagecoachbus.com Stephen Potter , The Open University ; Matthew Cook , The Open University , and Miguel Valdez , The Open University Futurology is littered with predictions that failed to materialise, not least in the field of transport technology. In Edwardian times, when public transport was largely powered by horse or steam, a number of new concepts emerged which were hailed as the “future of public transport”. In 1910, the Brennan Monorail was a gyroscopically stabilised, diesel-powered monorail train that ran on a circular test track at the White City in London. One of the early passengers on this 50-person prototype was then-home secretary Winston Churchill, who insisted on dri

Four ways criminals could use AI to target more victims Building a profile of someone can make it easier for criminals to gain access to their personal accounts. Metamorworks / Shutterstock Daniel Prince , Lancaster University Warnings about artificial intelligence (AI) are ubiquitous right now. They have included fearful messages about AI’s potential to cause the extinction of humans, invoking images of the Terminator movies. The UK Prime Minister Rishi Sunak has even set up a summit to discuss AI safety . However, we have been using AI tools for a long time – from the algorithms used to recommend relevant products on shopping websites, to cars with technology that recognises traffic signs and provides lane positioning . AI is a tool to increase efficiency, process and sort large volumes of data, and offload decision making. Nevertheless, these tools are open to everyone, including criminals. And we’re already seeing the early stag

Google turns 25: the search engine revolutionised how we access information, but will it survive AI? Flickr/sergio m mahugo, Edited by The Conversation , CC BY-NC-SA Mark Sanderson , RMIT University ; Julian Thomas , RMIT University ; Kieran Hegarty , RMIT University , and Lisa M. Given , RMIT University Today marks an important milestone in the history of the internet: Google’s 25th birthday. With billions of search queries submitted each day, it’s difficult to remember how we ever lived without the search engine. What was it about Google that led it to revolutionise information access? And will artificial intelligence (AI) make it obsolete, or enhance it? Let’s look at how our access to information has changed through the decades – and where it might lead as advanced AI and Google Search become increasingly entwined. Google’s homepage in 1998. Brent Payne/Flickr , CC BY-SA