Industry Insider

​IBM Security has released its annual Cost of a Data Breach Report, showing the global average cost of a data breach reached $US4.45 million in 2023 – an all-time high for the report and a 15% increase over the last 3 years. Detection and escalation costs jumped 42% over this same time frame, representing the highest portion of breach costs, and indicating a shift towards more complex breach investigations.

A national body to monitor and audit automated decision-making in government has been recommended by the Royal Commission into the Robodebt Scheme. The findings of the Royal Commission, which run to over 1000 pages, include major criticisms of the scheme and 57 recommendations for the government and the public sector.

Digital employees, such as chatbots powered by artificial intelligence, are increasingly utilised alongside human employees to create a dual frontline service, but how are customers experiencing this trend?

Financial institutions across Australia are finally waking up to the reality that cyber security threats and attacks are constantly evolving, and the bad actors behind them are relentless. Not only this, but they are becoming more and more sophisticated and advanced in terms of what they will use to launch a cyber attack. 

It strikes me as paradoxical that businesses feel very secure in using artificial intelligence to let people know, for example, when it is safe to make a lane change at 100 kilometres per hour, yet they are reticent to use the same technology to classify and manage information through its lifecycle. Artificial Intelligence is used almost every minute of every day, in nearly every smart device we own. 

Air Marshal Darren Goldie - Australia's new National Cyber Security Coordinator, has confirmed multiple government departments and agencies have been affected by the attack on HWL Ebsworth in May.

70% of executives believe that generative AI will enable organisations to widen the scope of the roles of knowledge workers, according to a Capgemini survey of 1000 business across 13 countries.

Generative AI tools such as Midjourney, Stable Diffusion and DALL-E 2 have astounded us with their ability to produce remarkable images in a matter of seconds. Despite their achievements, however, there remains a puzzling disparity between what AI image generators can produce and what we can. For instance, these tools often won’t deliver satisfactory results for seemingly simple tasks such as counting objects and producing accurate text.

You may think about information management, record-keeping, archival, or something similar. However, as you deep-dive into the subject, you will realize it is much more than that. Records management can be a strategic path toward compliance, efficiency, collaboration, and accountability – if done right.

Ripcord and Oracle have announced a partnership that combines Ripcord's Document Intelligence as a Service (DIaaS) with Oracle ERP products, promising to transform the way companies manage their documents and activate their data.