Eugene Fedorchenko LL.M.

October 2024 Edition of the Australian Institute of Company Directors Magazine. #Cybersecurity ranks as the number-one concern for businesses, followed by financial, legal and regulatory risks, a new report has found. In partnership with YouGov, McGrathNicol surveyed more than 300 C-suite executives and board directors across Australian businesses with 50 or more employees. Cyber risk was a top-five concern for 2024 for 68 per cent of organisations, the highest of any risk category. The report found 71 per cent of organisations don't conduct due diligence on their key suppliers' cybersecurity practices, and over 75 per cent don't require mandatory reporting of cyber or data breaches affecting their suppliers. While 87 per cent of surveyed organisations were confident their business has a comprehensive insider risk management program in place, less than a third have implemented fundamental insider risk controls. Only 28 per cent use a risk-based vetting and due diligence framework for employees and suppliers or contractors, while only 27 per cent have education/awareness programs in place, and just 18 per cent have appointed an authority accountable for insider risk. BSI Learning #CybersecurityAwarenessMonth

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AI for Government | As AI becomes more present in so many aspects of our work, concerns about governance and data security are front of mind. Our AI expert, Ryan Darby, shares his thoughts on the recently published National Framework for AI in government 👇

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The recent release by the Australian, state and territory governments of the national framework for the assurance of artificial intelligence in government (AI Assurance Framework) provides much-needed guidance that paves the way for these organisations to harness AI effectively and responsibly. A statement issued within the framework acknowledges the importance of government leadership in the safe and responsible use of AI, with careful oversight of legal, privacy, security, and ethical risks such as bias and fairness. “To gain public confidence and trust, we commit to being exemplars in the safe and responsible use of AI,” the governments said. “This requires a lawful, ethical approach that places the rights, well-being and interests of people first.” The development of the framework can help overcome public scepticism and boost trust in AI, paving the way for government and public sector organisations to realise its transformative potential.

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All over the globe, governments recognize the AI arms race is on. Specifically there's a growing conversation about the long term economic and security importance of developing "sovereign artificial intelligence (AI)". In Australia there is a lag in AI research and development. Here's a thought-provoking question: Should Australia invest taxpayer dollars into solar panel manufacturing, or should we focus on cultivating an industry capable of powering the manufacturing of intelligence for the 4th Industrial Revolution? A report from the CSIRO highlights that Australia is behind in creating foundational AI models, such as those used by OpenAI's ChatGPT, with the majority being developed overseas. This gap could affect Australia's ability to use AI to boost productivity and strengthen the economy. Professor Anton van den Hengel from the University of Adelaide points out that AI could significantly enhance efficiency in industries, a process that could span the next two decades. He emphasizes the importance of sovereign AI in capitalizing on economic opportunities that AI can provide, including applications not yet imagined. The issue also extends to education and infrastructure. For instance, using AI models developed abroad might compromise Australian values or priorities and could pose security and cultural risks. Van den Hengel argues that Australia needs to focus on training more AI experts domestically to build a strong AI-enabled workforce. #ai #sovereignai #knowledgeeconomy #whereaithrives NEXTDC Marty McCarthy Australian Institute for Machine Learning (AIML)

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This is exactly why users should avoid media review tools that rely on cloud-based AI processing. All of Semantics 21's AI runs locally on your machines for a reason, it's about control and security. Please steer clear of cloud-based AI software applications or bolt-ons, as many forensics companies have no idea where your data is being sent.

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Australia’s federal government has today released proposed mandatory guardrails for high-risk AI alongside a voluntary safety standard for organisations using AI. There is a lot of coverage, however I found the analysis in this article quite thought provoking and relevant. Essentially, that the AI market is a mess and there is a clear misbalance of power due to a lack of information and understanding. The pace of technology change is swift, regulatory changes are coming, but everyone still needs to be asking questions and determining benefits and impact. https://lnkd.in/gQydd66U

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We are privileged to have our CEO and co-founder Florian Douetteau in Australia this week to talk about AI and what it could mean to your business. #Dataiku #ai

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"Australia's federal government has today launched a proposed set of mandatory guardrails for high-risk AI alongside a voluntary safety standard for organizations using AI. Each of these documents offers ten mutually reinforcing guardrails that set clear expectations for organizations across the AI supply chain. They are relevant for all organizations using AI, including internal systems aimed at boosting employee efficiency and externally-facing systems such as chatbots. Most of the guardrails relate to things like accountability, transparency, record-keeping and making sure humans are overseeing AI systems in a meaningful way. They are aligned with emerging international standards such as the ISO standard for AI management and the European Union's AI Act." #ai

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It’s an honor to share that I've contributed a Te Ao Māori AI Ethics perspective to a global AI Ethics book. My chapter, titled "AI Regulation from Indigenous Maori / New Zealand Perspective," is part of the book "AI governance ethics: artificial intelligence with shared values and rules." You can download the book for free or purchase a hard copy to explore more insights on this critical topic. UPDATED LINK Find my chapter at https://lnkd.in/g3BiYaTh

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AI Governance is not just a concept somewhere “out there” in the dataverse, it is a very real and urgent topic that needs addressing here and now in the real world, affecting real people. This article is an example of the risks that un-governed use of AI can generate. Who knows how ChatGPT’s model and public data-set will be impacted by the inclusion of highly sensitive and personal information relating to child abuse, not to mention the sloppiness of using public AI tools to create court submissions by official government bodies! https://lnkd.in/gMgu4TkC

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Interesting article by Sarah Schug in The Parliament. She’s right that corporations do have amazing powers of innovation and resilience in adapting to far bigger corporate threats than being forced to do their best to uphold community values. https://lnkd.in/g_Kk7Ake Like any adaptation, acting sustainably with respect for other stakeholders takes investment. Maybe there’s a short term hit to your bottom line, but in our globally-connected climate-concerned world, it is a provenly profitable mid to long term option. Take water: replenishing more water into the local watershed than you use in your own operations doesn’t just make sense for your brand reputation, it absolutely makes sense for the ongoing growth and profitability of your operations in water scarce areas. And there’s an upside to formalising engagement with non-traditional partners. It means corporates are part of the discussion and it’s harder to cast them as the villain. Thanks to shared data, they can apply rigorous business focus to the process of delivering auditable gains which demonstrably improve their own as well as climate, social and economic outcomes. And if you’re doing that, why wouldn’t you want to report on it? #FIDOAI #water #ai #artificialintelligence #innovation #technology #data #WaterStewardship #ESG #Sustainability #SDG6 #WaterScarcity #WaterReplenishment

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🔍 Exploring the Crucial Role of Birth Certificates in Identity Verification 🌐 As a subject matter expert in identity verification, I find it imperative to highlight the significance of birth certificates as a primary document in establishing one's identity. A recent article by Mobile ID World sheds light on an innovative initiative by an Australian state to digitise birth certificates, revolutionising the way we perceive and utilise this fundamental form of identification. Birth certificates have long served as cornerstones in the realm of identity verification, offering irrefutable proof of an individual's existence, nationality, and personal details. In an increasingly digital world, the evolution of birth certificates into a digital format aligns with the growing demand for secure, convenient, and efficient identity authentication processes. This pioneering endeavor not only streamlines administrative procedures but also enhances the security and integrity of identity verification systems. By digitizing birth certificates, individuals can securely access and share their identity information, empowering them with greater control over their personal data while mitigating the risks associated with traditional paper-based documents. Moreover, the adoption of digital birth certificates marks a significant step towards fostering inclusivity and accessibility, especially in the context of remote transactions and online services. It enables seamless integration with emerging technologies such as mobile IDs and digital wallets, facilitating smoother interactions in both physical and virtual environments. As we embrace the era of digital transformation, it is paramount for governments and organizations worldwide to recognize the pivotal role of birth certificates in identity verification ecosystems. By leveraging technological innovations and best practices, we can ensure the continued evolution of identity authentication processes while safeguarding individuals' privacy and security. I invite you to read the full article to delve deeper into this transformative initiative and its implications for the future of identity verification: https://lnkd.in/d5BU_gH5 #IdentityVerification #DigitalTransformation #BirthCertificates #Security #Innovation

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🚀 Key takeaways from the Institute of Directors in New Zealand conference panel on #AI and #privacy, sponsored by Kordia. The panel was stacked! We heard from: Liz MacPherson, Deputy Privacy Commissioner, Office of the Privacy Commissioner, New Zealand Matt Ensor, Chair AI Forum NZ working group for LLMs, and Founder of FranklyAI Alastair Miller, Principal Consultant at Aura Information Security And a little bit from me also 😊 Key takeaways: Understand AI's potential, tie it into strategy, prioritize privacy safeguards, and invest in responsible AI training for your organization. #AI #Privacy #Innovation #IoDNZConf #Governance #Boards #responsibleAI

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The Western Australian Police Force's adoption of Starlink's satellite technology is a game-changer, redefining public safety through reliable, responsive, and intel-driven services. This innovative approach showcases the transformative potential of disruptive solutions in elevating mission-critical operations. As CIOs, CDOs, and Heads of IT, how can we leverage similar disruptive technologies to future-proof our own critical infrastructure and stay ahead of the curve? https://lnkd.in/gtEGbm89

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Waterfall Security Solutions provides the highest level of protection for critical infrastructure and vital industries.

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Australia is reshaping AI regulation! As new guidelines emerge, businesses should start aligning with the Voluntary Standards now. Prepare for the future and manage AI responsibly as mandatory regulations loom on the horizon. 🌐🔍 https://lnkd.in/gU8uYY83 #AIRegulation #BusinessCompliance #FutureReady

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DFK Australia New Zealand Limited (DFKANZ) has announced their brand new podcast series “Less Than 15 – BiteSized Business Bulletins”! This podcast series features short, punchy 15-minute interviews. You will hear from DFK ANZ experts and specialists from various fields, covering topics from business basics, to the use of AI, and cybersecurity. The first episode is now live – check it out! https://lnkd.in/giYjPSqM #DFKANZ #BusinessPodcast #LessThan15

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Great article on the use of Gen AI within Australian Government and the associated frameworks. #securiti #genai #gencore John Cunningham Bruce Nixon Tim Stead Deepak Seth Nathan Schmidt Matt Sell https://lnkd.in/gkeDgb_y

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