Latest news with #ArtificialIntelligence
Zawya
24 minutes ago
- Business
- Zawya
Dubai Financial Services Authority explores regulatory insights into cybersecurity, AI
DUBAI - The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), on Monday published its latest report, 'Cyber and Artificial Intelligence Risk in Financial Services: Strengthening Oversight Through International Dialogue'. The report provides timely insights into the evolving digital risk landscape and explores how emerging technologies such as Artificial Intelligence (AI) and quantum computing – which allow the process of complex problems much faster than traditional computers – are reshaping regulatory priorities. The publication follows the DFSA's inaugural Cyber and AI Risk Regulatory College, held in May 2025, which brought together 70 senior representatives from 18 financial authorities across the Middle East, North America, Europe, Africa, and Asia. The College served as a platform for international dialogue on the increasing complexity and interconnection of cyber risks, AI adoption, and the long-term implications of quantum computing. Justin Baldacchino, Managing Director of Supervision at DFSA, said, 'Digital risks are no longer peripheral – they are fast becoming systemic. This report reflects a growing supervisory consensus on where these risks are converging and how regulatory approaches are evolving. At the DFSA, we were proud to host our first Cyber and AI Risk Regulatory College, and we look forward to continuing meaningful dialogue with our regional and international peers in support of a secure, resilient, and trusted global financial system.' The report explores supervisory perspectives on three interconnected areas: cybersecurity threat landscape, quantum computing, and AI emerging risks. It draws on global insights and expert discussions on how financial regulators can respond to emerging risks without compromising innovation. Key themes highlighted in the report include the increasing frequency and sophistication of cyberattacks, including threats arising from emerging technologies and supply chain dependencies. It also addressed the potential for quantum computing to render current encryption in critical communication systems obsolete, and the importance of early coordinated planning around post-quantum cryptography, the cryptographic algorithms that are designed to be secure against the potential threats posed by quantum computers. The report further noted the growing adoption of AI across financial services highlights the importance of enhancing explainability and interpretability methods, robust third-party risk oversight, and responsible governance. Herman Schueller, Director of Innovation and Technology Risk Supervision at DFSA, commented, 'As innovation accelerates, financial regulators globally are actively examining how best to adapt oversight practices. This report reflects the value of open, cross-border dialogue in building mutual understanding of the regulatory, technical, and operational dimensions of digital risks.'
Business Journals
3 hours ago
- Business
- Business Journals
BBB of Upstate New York proudly serving region for more than 100 years
For over a century, the Better Business Bureau of Upstate New York has been a trusted resource for both businesses and consumers. Since 1923, BBB of Upstate New York has grown to serve a 48-county region across the state, including the major cities of Buffalo, Rochester, Syracuse, and Albany and their surrounding communities. 'While the marketplace has changed over the past 100 years, our mission has not,' said Warren Clark, President and CEO of BBB of Upstate New York. 'We are proud of our daily efforts to promote trust in the communities we serve along with our efforts to educate the public on scams and fraud.' How BBB Accreditation Can Benefit Your Business BBB of Upstate New York offers Accreditation to businesses of all sizes across all industries. Some of the benefits to BBB Accreditation include: According to research conducted in 2023, over 80% of consumers would choose a BBB Accredited Business over a non-Accredited Business with the same A+ letter rating. Respondents to the survey also shared that trustworthiness, reputation, and reduced risk were the top 3 reasons they turned to BBB Accredited Businesses. 'For businesses, earning the BBB seal is one of the highest symbols of trust they can show current and future customers,' Clark said. 'We believe BBB Accreditation is one of the most powerful tools in the marketplace, and we encourage businesses across Upstate New York to apply. Consumers have tons of information at their fingertips in this day and age, and we know they are looking to us for information on who they can trust. The BBB seal helps your company stand out as one of those trusted organizations.' How BBB Helps Consumers BBB also offers a wide range of services to consumers, including tips and educational resources to help people protect themselves from scams. Most recently, the team at BBB of Upstate New York has launched a program to protect high school and college students from a variety of scams targeting them. 'Our data shows us that 18-24-year-olds are losing nearly as much money to scams as older generations,' said Clark. 'Our team has put together an interactive presentation to keep students engaged while teaching them how to protect themselves from the evolving list of scams we hear about on a daily basis.' Some of the topics covered in the student scam and fraud program include employment scams, college admissions scams, online shopping scams, social media scams, phishing scams, and how to identify content and images generated by Artificial Intelligence. Additionally, BBB offers presentations to senior organizations and other community groups throughout its 48-county service area, both virtually and in-person. Presentations are regularly updated to include information on the most current scams impacting all age groups. BBB team members will work to accommodate presentation requests in any area of Upstate New York. Consumers throughout Upstate New York are encouraged to contact BBB if they have an inquiry on a particular business, would like to report a scam, or file a complaint. Through BBB's Scam Tracker, users are able to report and look up scams in any area free of charge. In 2024, more than 3 million consumers inquired with BBB. Businesses interested in BBB Accreditation should contact Nadine Tasevski at 716-276-3724 or by emailing ntasevski@
Biz Bahrain
3 hours ago
- Business
- Biz Bahrain
Tamkeen Opens Registration to Enterprises for the 'AI Training Program'
The Labour Fund (Tamkeen) has announced that resgistration is now open for private sector enterprises interested in enrolling their employees under the 'AI Training Program'. This program is part of a broader initiative launched in line with the directives of His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa, Minister of the Prime Minister's Court, and Chairman of the Board of Directors of the Labour Fund (Tamkeen), which aims to train 50,000 Bahrainis in Artificial Intelligence by 2030. The program provides private sector enterprises with the opportunity to equip their employees with the necessary knowledge, understanding, and practical tools to effectively integrate Artificial Intelligence into their operations. The program includes three training tracks: AI Generalists track, AI Specialists track, and AI for Executives track. Registration is now open for the AI Generalists track which is designed for employees with foundational information technology (IT) literacy, and the AI for Executives track, designed for C-suite, executives or self-employed entrepreneurs. As for the AI Specialists track, registration will be announced at a later stage. Mr. Khalid Al Bayat, Chief Growth Officer at Tamkeen, reaffirmed Tamkeen's commitment to equipping national talent with the skills required to enhance their competitiveness in the labor market, in line with its mandate of making Bahrainis the first choice for employment. He stated: 'We launched this program to align the skills of Bahraini talent with labor market needs and equip them with future-ready capabilities. This training will support Bahrainis and open doors for their career development prospects. In addition, entrepreneurs and executives will also benefit from utilizing AI to boost efficiency, productivity, and the adoption of innovative technological solutions.' Over the next five years, 50,000 Bahrainis will be trained in AI skills, which will provide the labor market with a pool of qualified talent capable of leveraging AI effectively to enhance business performance. This program promotes a culture of innovation, encourages the adoption of advanced tech solutions, and drives digital transformation which ultimately leads to increased productivity in the private sector. Enterprises interested in registering their employees can visit Tamkeen's website at and apply through the 'AI Training Program.' This initiative aligns with Tamkeen's 2025 strategic priorities, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability, and supporting the development of the ecosystem surrounding the labor market and private sector.
Yahoo
13 hours ago
- Business
- Yahoo
Can EMCOR's Data Center Expansion Fuel Long-Term Growth?
EMCOR Group, Inc. EME is gaining solid traction in the data center space, positioning itself to benefit from long-term demand in the digital infrastructure ecosystem. The company has significantly expanded its presence across U.S. data center markets, supported by both organic growth and strategic acquisitions. As of March 31, 2025, total remaining performance obligations were $11.75 billion, up 28.1% year over year. Of this, $3.6 billion was tied to the network and communications sector, which includes data center work, marking a 112% increase from the prior-year period and 28% growth is backed by elevated demand from hyperscale and enterprise clients, driven by the rapid adoption of cloud services and generative Artificial Intelligence (AI) workloads. According to the company, approximately 85% of the network and communications work is directly tied to data center construction. EMCOR now operates in more than 16 electrical and multiple mechanical geographies, serving this segment, up from just five years ago. The company also noted increasing project complexity and a growing mechanical scope due to the rising power and cooling needs of next-generation data its prefabrication and virtual design and construction capabilities, EMCOR is well equipped to handle large-scale, multi-phase data-center campuses. The company expects continued expansion in both new and existing markets, with strong client visibility extending into 2026. Backed by a record backlog and a positive 2025 outlook, EMCOR appears positioned to sustain growth as digital infrastructure continues to scale. Comfort Systems USA FIX and MasTec, Inc. MTZ are among the key competitors positioned to capitalize on the rising demand for data-center Systems is benefiting from strong demand for data center and semiconductor projects, driving record first-quarter 2025 results with earnings up more than 75% and revenues rising 19% year over year. Its backlog reached an all-time high of $6.9 billion, supported by robust bookings across mechanical and electrical work. While tariff pressures and hyperscaler spending shifts pose risks, record operating margins and heavy investment in modular capacity position Comfort Systems well to maintain momentum and capture growth in technology-driven is gaining strong traction from the rapid expansion of data-center development, which is driving demand for power infrastructure and fiber connectivity. The surge in artificial intelligence, cloud computing and high-performance data storage is fueling significant investments in new facilities, creating substantial growth opportunities. MasTec is well-positioned to benefit as companies prioritize the swift deployment of digital infrastructure to meet rising technological demands. EMCOR stock has risen 43.6% in the past three months compared with the Zacks Building Products - Heavy Construction industry's 39.5% rise. Image Source: Zacks Investment Research EME's stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings ratio of 21.64X. Image Source: Zacks Investment Research EMCOR's earnings estimates for 2025 and 2026 have remained unchanged over the past 30 days at $23.59 and $25.47 per share, respectively. These projections imply year-over-year growth of 9.6% for 2025 and 8% for 2026. Image Source: Zacks Investment Research EMCOR currently holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report MasTec, Inc. (MTZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Hans India
16 hours ago
- Hans India
Israeli researchers discover security flaw in popular AI chatbots
Jerusalem: Israeli researchers have uncovered a security flaw in some of the popular Artificial Intelligence (AI) chatbots, including ChatGPT, Claude, and Google Gemini, Ben-Gurion University of the Negev said in a statement on Monday. The researchers found that these systems can be manipulated into providing illegal and unethical information, despite having built-in safety protective measures, according to the statement. The study described how attackers can use carefully written prompts, known as jailbreaks, to bypass the chatbots' safety mechanisms. Once the protections are disabled, the chatbots consistently provide harmful content, such as instructions for hacking, producing illegal drugs, and committing financial crimes, Xinhua news agency reported. In every test case, the chatbots responded with detailed, unethical information after the jailbreak was applied. The researchers explained that this vulnerability is easy to exploit and works reliably. Because these tools are freely available to anyone with a smartphone or computer, the risk is especially concerning, the researchers noted. They also warned about the emergence of dark language models. These are AI systems that have either been intentionally stripped of ethical safeguards or developed without any safety controls in place. Some of these models are already being used for cybercrime and are shared openly on underground networks, they added. The team reported the issue to several major AI companies. However, responses were limited. One company did not reply, while others said the problem does not qualify as a critical flaw. The researchers called for stronger protections, clearer industry standards, and new techniques that allow AI systems to forget harmful information.
