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How Smart Is Artificial Intelligence Really? Mastercard is ignoring a critical flaw that allows hack



How Smart Is Artificial Intelligence Really?


SAS CTO Oliver Schabenberger counters Tesla founder Elon Musk's description of artificial intelligence as the scariest problem.Tesla CEO Elon Musk has received a lot of criticism recently for saying at the National Governors Association meeting, “AI is a fundamental existential risk for human civilization, and I don’t think people fully appreciate that.” Musk also referred to artificial intelligence (AI) technology as “the scariest problem” and called for government regulation. This is not new rhetoric; we have heard alarming language about AI as an existential threat to humanity for years now. Read the full article here

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Category: Artificial Intelligence

Image & article ref: informationweek.com

Mastercard is ignoring a critical flaw that allows hackers to spoof valid payments


Vendors relying on Mastercard’s Internet Gateway Service (MIGS) for processing online payments ought to double-check every transaction before they send out items to customers: There is a critical flaw in the system’s validation protocol and it appears the company is completely ignoring it.Independent security researcher Yohanes Nugroho has stumbled upon a glaring flaw in the MIGS protocol that allows hackers to spoof the payment system and trick merchants into accepting invalid transactions as successful – without even knowing.Read the full article here

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Category: Payments

Image & article ref: thenextweb.com

ICO Ban? Canada's Regulators Are Giving One Token Sale a Big Break


Financial regulators in Canada are giving the digital currencies and initial coin offering (ICO) activities a big break. Among the regulators is Quebec’s Autorite des Marches Financiers (AMF), which intends to give the Blockchain use case a chance, if not altogether encourage it.To show its support to ICOs, the AMF has determined that the token sale conducted by socially responsible enterprises investment startup Impak Finance is a security. The regulator also accepted the company into its regulatory sandbox. Read the full article here

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Category: Bitcoin

Image & article ref: cointelegraph.com

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