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Showing posts with label Technology. Show all posts
Showing posts with label Technology. Show all posts

Saturday 4 March 2023

When White House cracks down on TikTok, what is US afraid of?

 


The US, with around 750 military bases across the globe, warships in most oceans, which is waging a proxy war, stirring up conflicts here and there, is now vehemently making a fuss about so-called "threats" it is confronting: Earlier this month, it was balloons, and now, it is TikTok.

The White House on Monday gave government agencies 30 days to ensure they do not have short-video platform TikTok on federal devices and systems, Reuters reported on the same day. In December last year, US Congress voted to bar federal employees from using the video app on government-owned devices. Now, US President Joe Biden officially tossed out the deadline.

The decision is as unreasonable as Biden's order to shoot down balloons with missiles. It is a typical irrational action generated by security anxiety stemming from a kind of mental illness, Shen Yi, an international relations expert from Fudan University, told the Global Times.

If the move reveals anything, it is that the US has gone hysterical in its anti-China stance while its relevant decisions have gone far beyond reality. TikTok has been trying to demonstrate its global nature. However, in the eyes of American elites, being born in China is an "original sin."

Over the past years, TikTok has been questioned on whether the Chinese government has access to US user data; whether its content is censored by China; whether its stored US user data is based on US soil … However, after TikTok appropriately responded and met all these requirements, the US still claims the app is a "national security threat."

In 2020, then president Donald Trump even tried to mandate that ByteDance, TikTok's parent company, strike a deal to sell TikTok's US operations. In other words, the US government has been attempting to harm this globally leading short-video platform which was not born in the US, using various excuses.

The latest ban is aimed at government devices and will only affect a small portion of TikTok's users in the US, yet some observers believe that, the US is actually attempting to fan the flames of a wider call to ban the app throughout the country. On the global arena, some US allies have already followed suit. Also on Monday, Canada announced a ban on TikTok from government-issued devices. Last week, the European Commission and Council of the EU, EU's two biggest policy-making institutions, banned staff from using the app.

It is a mystery why the US and its Western allies are afraid of TikTok, when there is no evidence to prove its "danger," and when it is basically a purely entertainment platform, which people can download out of their own free will. Against the backdrop, banning TikTok is absurd. And the US is behaving like the emperor in the folktale "The Emperor's New Clothes." Don't ask why he has no clothes, he is just being unreasonable and even mentally ill, Shen said.

"How unsure of itself can the world's top superpower be to fear a young people's favorite app like that?" Mao Ning, Chinese Foreign Ministry spokesperson, asked at a daily briefing on Tuesday, when responding to the White House's TikTok ban.

It cannot be ruled out that the Biden administration needs some scores to demonstrate its capability to keep staying in the White House and protect so-called US national security, observers noted. Moreover, reports show that TikTok was the most-downloaded app worldwide. That being said, killing TikTok means US internet companies will have one less competitor.

US Federal Chief Information Security Officer Chris DeRusha said this latest decision on TikTok is "part of the Administration's ongoing commitment to securing our digital infrastructure and protecting the American people's security and privacy."

US officials keep talking about "American people's security and privacy," do they mean it? As George Galloway, a six-term British parliamentarian, tweeted, "It's American intelligence, not Chinese, which is coming through your back door, your front door and all of your windows."

Worse, it was speculated that Washington's balloon frenzy earlier in February has a lot to do with covering up the scoop over what US did behind Nord Stream bombing. There is also reason to suspect the hype of TikTok is aimed at distracting people from Ohio derailment and chemical spill. Thanks to social media platforms like TikTok, short videos can be uploaded anytime and anywhere. And they helped to push the story into the public when traditional mainstream media covered their eyes. US' crumbling railway system is shocking, and US government's attempt to cover up the toxic train has been nakedly exposed to the world. 

 

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Tuesday 14 February 2023

Tight job market? AI meets worker shortage

FILE PHOTO-OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration

THE two investment obsessions of the year so far – artificial intelligence (AI) and super-tight labour markets – meet head on.

If the hype about the former is to be believed, concern about the inflationary impact of the latter should be well wide of the mark. If only they were so perfectly aligned.

Timing is everything of course. The speed with which ChatGPT-style AI tools zap swathes of white-collar desk jobs could be more glacial than any Big Tech rah-rah suggests – and at least slower than the 12-18 months of the Federal Reserve’s current policy horizon.

But two reasonable questions are being asked around investment houses.

Does the wave of layoffs in the digital and banking worlds this year relate directly to the presumed quantum leap in so-called generative AI – just as pandemic-related overstaffing and more recent job hoarding is being pared back?

And if it does, should policymakers relax more about what could be temporary worker shortages in the service sector, where most of the wage and inflation concerns seem to centre?

Far from relaxing, should office or home-based workers now fret that we’re in for anything but a tight jobs market over the coming years?

More questions than answers perhaps – but enough to have investment strategists thinking laterally and joining dots.

Morgan Stanley’s thematic research team said last week it was inundated with enquiries about generative AI during its recent client visits.

And while investment fads come and go, they said, this one is “worth considering seriously” given the speed of take-up and its diffusion across many industries.

Aside from stock price and valuation frenzies, the team said a new wave of AI fed the debate about white-collar industry disruption in a “creative destruction moment” – with possible side benefits from reskilling workers to better wage diffusion.

Citing numbers indicating employment in business, knowledge, customer and developer outsourcing in excess of 100 million across Asia alone, Morgan Stanley said the impact was already being felt even if the jury was still out on “the degree to which it is deflationary or productivity enhancing.”

If this generative AI takes the tech transformation to non-routine office work that it largely skirted over the last decade, it will affect tens of millions more jobs than currently assumed.

The two sides of the theoretical debate at least are whether that then leads to mass unemployment and demand problems – requiring a reconsideration of things like universal basic income to support economies – or whether productivity gains lift wages and see workers simply choosing to work ever fewer hours over time as bots take their place.

London-based Fathom Consulting last Thursday concluded that a “fourth industrial revolution powered by AI could greatly affect the demand for and supply of labour” and the United States and China were bound to vie for leadership.

“The speed and impact of this change will be profoundly disruptive for global politics and for the structure of the labour market,” economists Erik Britton and Andrew Harris wrote, adding that the United States needed to keep investing in tech that both supports and replaces labour in order to retain its edge.

But just what is the scale of the likely disruption?

A frequently cited study by business consultant McKinsey from 2017 showed 60% of occupations worldwide have at least 30% of work activities that could be automated – even though automation may well create more jobs in tandem.

That tallies with numbers from the Organisation for Economic Cooperation and Development, which reckoned 10% to 15% of jobs will be lost due to tech changes over the next 20 years – but about as many may be created in other industries.

While varying hugely among the 46 countries it examined, the McKinsey study said up to 30% of activities could be displaced by 2030 – with advanced and ageing economies more likely to move faster given higher wages and incentives.

More recent polling from McKinsey last year showed companies saying at least a quarter of their tasks could be automated over the next five years but less than a fifth of respondents reckoned their firms were yet in a position to do that.

And that observation underlines the timing of all this in terms of years. How soon do tech revolutions change the world – and at least aggregate demand or supply for workers?

As the flub by Alphabet’s chatbot Bard illustrated in spectacular fashion this week, the big problem for the latest wave of emerging AI is still one of accuracy.

“While ChatGPT’s output is credible, accuracy is its Achilles’ Heel,” Morgan Stanley’s team wrote. “Manual validation should act as a breakwater to this employment threat for now.”

If creases take years to iron out, perhaps it’s not so useful to see the craze providing a timely offset to tight labour markets and wage inflation.

There’s even a chance the trepidation may exaggerate the prevailing conundrum and cause as many problems as the reality.

In a discussion paper published by the Centre for Economic Policy Research last month, economists Marta Golin and Christopher Rauh said their work found a “strong relationship” between worry about automation and intentions to join a union, retrain or switch occupations, preference for taxation and government handouts, populist attitudes and voting intentions.

Much like the pandemic, fear of automation could have as big an economic impact as its actual spread. — Reuters

Mike Dolan is a columnist for Reuters. The views expressed here are the writer’s own. 

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Tight jobs market? AI meets worker shortage :Mike Dolan


LINKEDIN EMPOWERS MALAYSIA’S TOP EMPLOYERS

To assist companies in charting effective talent management strategies, LinkedIn, Shahul, Yee and edotco Group chief people officer Ramon Chelva will share insights in a panel on Feb 21, 2023.

Information and registration here: https://events.thestar.com.my/event/the-talent-magnet-how-to-build-a-thriving-workforce/

 

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   ChatGPT may have blown away many who have asked questions of it, but scientists are far less enthusiastic. Lacking data privacy, wrong .

Lies, racism and AI: IT experts point to serious flaws in ChatGPT

 


 ChatGPT may have blown away many who have asked questions of it, but scientists are far less enthusiastic. Lacking data privacy, wrong information and an apparent built-in racism are just a few of the concerns some experts have with the latest 'breakthrough' in AI. — Photo: Frank Rumpenhorst/dpa

BERLIN: ChatGPT may have blown away many who have asked questions of it, but scientists are far less enthusiastic. Lacking data privacy, wrong information and an apparent built-in racism are just a few of the concerns some experts have with the latest 'breakthrough' in AI.

With great precision, it can create speeches and tell stories – and in just a matter of seconds. The AI software ChatGPT introduced late last year by the US company OpenAI is arguably today's number-one worldwide IT topic.

But the language bot, into which untold masses of data have been fed, is not only an object of amazement, but also some scepticism.

Scientists and AI experts have been taking a close look at ChatGPT, and have begun issuing warnings about major issues – data protection, data security flaws, hate speech, fake news.

"At the moment, there's all this hype," commented Ruth Stock-Homburg, founder of Germany's Leap in Time Lab research centre and a Darmstadt Technical University business administration professor. "I have the feeling that this system is scarcely being looked at critically."

"You can manipulate this system"

ChatGPT has a very broad range of applications. In a kind of chat field a user can, among others, ask it questions and receive answers. Task assignments are also possible – for example on the basis of some fundamental information ChatGPT can write a letter or even an essay.

In a project conducted together with the Darmstadt Technical University, the Leap in Time Lab spent seven weeks sending thousands of queries to the system to ferret out any possible weak points. "You can manipulate this system," Stock-Homburg says.

In a recent presentation, doctoral candidate and AI language expert Sven Schultze highlighted the weak points of the text bot. Alongside a penchant for racist expressions, it has an approach to sourcing information that is either erroneous or non-existent, Schultze says. A question posed about climate change produced a link to an internet page about diabetes.

"As a general rule the case is that the sources and/or the scientific studies do not even exist," he said. The software is based on data from the year 2021. Accordingly, it identifies world leaders from then and does not know about the war in Ukraine.

"It can then also happen that it simply lies or, for very specialised topics, invents information," Schultze said.

Sources are not simple to trace

He noted for example that with direct questions containing criminal content there do exist security instructions and mechanisms. "But with a few tricks you can circumvent the AI and security instructions," Schultze said.

With another approach, you can get the software to show how to generate fraudulent emails. It will also immediately explain three ways that scammers use the so-called "grandchild trick" on older people.

ChatGPT also can provide a how-to for breaking into a home, with the helpful advice that if you bump into the owner you can use weapons or physical force on them.

Ute Schmid, Chair of Cognitive Systems at the Otto Friedrich University in Bamberg, says that above all the challenge is that we can't find out how the AI reaches its conclusions. "A deeper problem with the GPT3 model lies in the fact that it is not possible to trace when and how which sources made their way into the respective statements," she said.

Despite such grave shortcomings, Schmidt still argues that the focus should not just concern the mistakes or possible misuse of the new system, the latter prospect being students having their homework or research papers written by the software. "Rather, I think that we should ask ourselves, what chances are presented us with such AI systems?"

Researchers in general advocate how AI can expand – possibly even promote – our competencies, and not limit them. "This means that in the area of education I must also ask myself – as perhaps was the case 30 years ago with pocket calculators – how can I shape education with AI systems like ChatGPT?"

Data privacy concerns

All the same, concerns remain about data security and protecting data. "What can be said is that ChatGPT takes in a variety of data from the user, stores and processes it and then at a given time trains this model accordingly," says Christian Holthaus, a certified data protection expert in Frankfurt. The problem is that all the servers are located in the United States.

"This is the actual problem – if you do not succeed in establishing this technology in Europe, or to have your own," Holthaus said. In the foreseeable future there will be no data protection-compliant solution. Adds Stock-Homburg about European Union data protection regulations: "This system here is regarded as rather critical."

ChatGPT was developed by OpenAI, one of the leading AI firms in the US. Software giant Microsoft invested US$1bil (RM4.25bil) in the company back in 2019 and recently announced plans to pump further billions into it. The concern aims to make ChatGPT available to users of its own cloud service Azure and the Microsoft Office package.

"Still an immature system"

Stock-Homburg says that at the moment ChatGPT is more for private users to toy around with – and by no means something for the business sector or security-relevant areas. "We have no idea how we should be deal with this as yet still immature system," she said.

Oliver Brock, Professor of Robotics and Biology Laboratory at the Technical University Berlin, sees no "breakthrough" yet in AI research. Firstly, development of AI does not go by leaps and bounds, but is a continuing process. Secondly, the project only represents a small part of AI research.

But ChatGPT might be regarded as a breakthrough in another area – the interface between humans and the internet. "The way in which, with a great deal of computing effort, these huge amounts of data from the internet are made accessible to a broad public intuitively and in natural language can be called a breakthrough," says Brock. – dpa    

By Oliver Pietschmann, Christoph Dernbach

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 Microsoft is rolling out an intelligent chatbot to live alongside Bing’s search results, putting AI that can summarise web pages, synthesis...

Thursday 9 February 2023

Microsoft to enhance search engine, browser

 Microsoft is rolling out an intelligent chatbot to live alongside Bing’s search results, putting AI that can summarise web pages, synthesise disparate sources, even compose emails and translate them into more consumers’ hands. — Reuters

REDMOND: Microsoft Corp is revamping its Bing search engine and Edge Web browser with artificial intelligence (AI), the company says, signalling its ambition to retake the lead in consumer technology markets where it has fallen behind.

The maker of the Windows operating system is staking its future on AI through billions of dollars of investment as it directly challenges Alphabet Inc’s Google, which for years has outpaced Microsoft in search and browser technology.

Now, Microsoft is rolling out an intelligent chatbot to live alongside Bing’s search results, putting AI that can summarise web pages, synthesise disparate sources, even compose emails and translate them into more consumers’ hands.

Microsoft expects every percentage point of share it gains will bring in another US$2bil (RM8.6bil) in search advertising revenue.

Working with the startup OpenAI, Microsoft is aiming to leapfrog its Silicon Valley rival and potentially claim vast returns from tools that generally speed up content creation by automating tasks, if not jobs themselves.

That would affect products for businesses, such as the cloud computing and collaboration tools Microsoft sells, as well as the consumer Internet.

“This technology is going to reshape pretty much every software category,” Microsoft chief executive Satya Nadella told reporters in a briefing at the company’s headquarters in Redmond, Washington.

The company’s share of search so far is about an estimated 10th of the market. Still, many investors see new technology as a win for all players. Microsoft’s stock closed 4.2% higher on Tuesday, while Alphabet gained 4.6%.

The power of so-called “generative AI” that can create virtually any text or image dawned on the public last year with the release of ChatGPT, the chatbot sensation from OpenAI.

Its human-like responses to any prompt have given people new ways to think about the possibilities of marketing, writing term papers, disseminating news or querying information online.

Microsoft’s new Bing search engine is live in limited preview on desktop computers and will be available for mobile devices in the coming weeks.

The company hopes user feedback will improve its AI, which Microsoft officials said may still produce factually inaccurate information known as hallucinations. Meanwhile, it has worked to prevent the misuse of its technology.

Underpinning the new Bing is what Microsoft is calling the Prometheus model - OpenAI’s most powerful technology, informed as needed by real-time web data from Bing.

That means Bing’s chatbot can brief consumers on current events, a step beyond ChatGPT’s answers that are currently limited to data as of 2021.

Jordi Ribas, Microsoft’s corporate vice president for search and AI, told Reuters the tech advances his team witnessed last summer emboldened the company to move ahead with an AI-infused Bing.

Microsoft’s chief financial officer also said OpenAI’s “new, next-generation” technology is powering its search engine, though officials declined to specify if this entailed the startup’s highly anticipated upgrade known as GPT-4.

Microsoft is aiming to market OpenAI’s technology, including ChatGPT, to its cloud customers and add the same power to its entire suite of products, not just search.

In the near term, Gartner analyst Jason Wong said Microsoft’s “partnership with OpenAI is more relevant for its business customers.

It could offer “disruptive opportunities” in consumer businesses as well.

“Except for gaming, Microsoft has not been a leader in key consumer technologies, such as search, mobile and social media,” he added.

Google has nonetheless taken note of Microsoft’s challenge.

On Monday, it unveiled a chatbot of its own called Bard, and it is planning to release its own AI in search that can synthesise material when no simple answer exists online.

Microsoft’s decision to update its Edge browser will likewise intensify competition – with Google’s Chrome competitor.

However, the Redmond-based company expects to roll out the updated Bing to other browsers eventually. — Reuters 

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Wednesday 8 February 2023

Tech giants explore new OpenAI opportunities as ChatGPT, the latest chatbot launched

  OpenAI, which Elon Musk helped to co-found back in 2015, is the San Francisco-based startup that created ChatGPT. The company opened ChatGPT up for public testing in November 2022. In under a week, the artificial intelligence model amassed over a million users, according to OpenAI’s CEO, Sam Altman. By the end of January, ChatGPT was averaging about 13 million visitors per day. Users have had ChatGPT write everything from essays, to lyrics and even correct computer code. ChatGPT is part of a growing field of AI known as generative AI, which allows users to create brand new content including videos, music and text. But generative AI still faces a number of challenges, such as developing content that is inaccurate, biased or inappropriate. Now enterprises and the public are wondering what wide access to AI will mean for businesses and society.

 Chapters: 00:00 — Intro 01:36 — Chatting with ChatGPT 03:03 — Understanding ChatGPT 06:39 — Use cases and limitations 10:09 — Future implications

Driving innovation: Nigerian artist Malik Afegbua creates hyper-realistic pictures of African people using artificial intelligence at his home in Lagos. China leads the world in this technology, as well as in the number of AI journals and related publications. — Reuters


SHANGHAI: Chinese tech companies are upping the ante in the fast-growing artificial intelligence (AI)-generated content sector as ChatGPT, the latest chatbot launched by US-based artificial intelligence research company OpenAI, gains wide popularity since its November debut and revolutionises the field due to its advanced conversational capabilities.

Leveraging machine learning algorithms, ChatGPT is able to mimic humanlike responses with AI-generated content (AIGC) and assist people with tasks such as writing essays and scripts, making business proposals and even checking programme bugs, which it does within seconds.

AIGC-related stocks continued to rally in the A-share market, with Chinese AI companies, such as Cloudwalk Technology and Speechocean, seeing their shares surge by the daily limit of 20% on the science and technology innovation board on Monday.

Experts said that AIGC is likely to become a new engine driving innovation in digital content production and freeing human creators from tedious tasks, with a wide range of commercial applications in fields such as culture, media, entertainment and education.

Chinese tech heavyweight Baidu Inc announced yesterday that it will complete internal testing of its AI chatbot service, similar to OpenAI’s ChatGPT, called “Ernie Bot” in March.

The Beijing-based company has invested large sums of money in developing its Ernie system, a large-scale machine-learning model that has been trained on massive data over several years and possesses in-depth semantic comprehension and generation capabilities.

Robin Li, co-founder and chief executive officer of Baidu, said in January that AIGC will subvert existing content production models in the next decade, and AI has the potential to meet massive demand for content at a 10th of the cost and a hundred or thousand times faster.

Jianying, an AI-powered short-video editing app launched by Chinese tech company Byte-Dance, allows users to generate creative videos by simply putting in a few keywords or a paragraph of text.

Online gaming company Net-Ease has released its AI music creation platform, Tianyin, where users can customise a song by entering lyrics.

Pan Helin, co-director of the Digital Economy and Financial Innovation Research Centre at Zhejiang University’s International Business School, said that ChatGPT, as a milestone in AIGC-related technologies, uses reinforcement learning from human feedback to train the data model, with significant enhancements in natural language processing capacities that improve the logic of responses.

Chinese enterprises should step up efforts to roll out indigenous versions of the AI-powered chatbot and increase investments to improve related algorithms and computing power, Pan said.

Chen Jia, an independent strategy analyst, said: “Chinese tech enterprises have unique advantages in expanding AI application scenarios globally.”

China has made significant progress in developing the AI industry.

A Stanford University report showed that China filed more than half the world’s AI patent applications in 2021 and continued to lead the world in the number of AI journals, conference papers and related publications.

Baidu, Tencent and Alibaba have invested heavily in promoting the commercial use of AI, and some Chinese AI unicorns have grown rapidly in recent years, Chen said.

But he noted that Chinese tech companies lag behind top-notch foreign competitors in fundamental research and development input and comprehensive innovation abilities.

“AIGC is in the initial stage of development, and there is still a long way to go to realise large-scale commercialisation, as the application scenarios and related laws and regulations are far from mature,” said Guo Tao, deputy head of the China Electronic Commerce Expert Service Centre.

Meanwhile, the use of AIGC-related technologies raises concerns about ethics, copyright protection and privacy, he added.— China Daily/ANN 

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TIGHTENING THE SCREW ON BIG TECH

The European union’s big battle to keep technology behemoths in check rages on.

Sunday 5 February 2023

China reveals tailless concept for next-generation fighter jet

 


A concept model of a next-generation fighter jet was displayed at Airshow China 2022 held in Zhuhai, South China’s Guangdong Province in November 2022. Photo: Liu Xuanzun/GT

A promotional video released by the Chinese aviation industry on Tuesday featured computer generated images showing what analysts said on Wednesday could represent a concept of the country’s next-generation fighter jet, which reflects China’s determination to outpace the US in new warplane development.

The video, published in the WeChat video channel of the state-owned Aviation Industry Corporation of China (AVIC), introduced China’s airborne radar development and featured near its end a computer-generated clip showing three unknown aircraft flying in formation.

The aircraft looked like the J-20 stealth fighter jet, but with no canards, tails or fins, and the diamond-shaped wings appeared bigger than those of the J-20, giving it what seems to be a blended wing-body configuration, observers said, who also speculated that it might be China’s next-generation fighter jet.

At the Airshow China 2022 held in Zhuhai, South China’s Guangdong Province in November 2022, AVIC put on display a concept model of a next-generation fighter jet, which also had a tailless design like the aircraft shown in the latest video.

Other countries are also conducting research and development into next-generation fighter jets, and tailless designs similar to the one shown by China are some of the most popular concepts, Fu Qianshao, a Chinese military aviation expert, told the Global Times on Wednesday.

A tailless design will give the next-generation, or the sixth-generation, fighter jet superior stealth capability in all directions than current fifth-generation ones, and a blended wing body design will provide higher lift, longer range and lower fuel consumption. However, without vertical tails, the new aircraft will lose out on maneuverability if it does not use other designs or technologies to compensate, like thrust vectoring control-capable engines and split brake rudders, or other innovative approaches, analysts said.

With the project name Next Generation Air Dominance, the US’ next-generation fighter jet might also use a tailless design, according to a computer-generated rendering by US military warplane contractor Lockheed Martin, US news website Defense News reported in September 2022.

Based on the information available now, China has started research and development in terms of the next-generation fighter jet, and it is in a confident place to eventually outpace the US, Fu said. 

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US advances deal to access more military bases in the Philippines amid protests

The US has been criticized for pushing for more military presence in Asia out of a zero-sum game mentality and jeopardizing regional stability, after the US has managed to expand access to four additional military bases in the Philippines to boost its military flexibility in possible war scenarios with China.

US hypes spy balloon, brings 'China threat' to new level

Recent signals sent from the US on China have been utterly chaotic, which may bring more uncertainty to already strained bilateral relations, Chinese analysts said on Friday. They urged the US to be more sincere in fixing relations with China instead of making provocative actions against it, especially after the picture of a white balloon made headlines in the US and some Western countries on Friday, as Pentagon officials claimed that a Chinese spy balloon hovering over Montana this week had a flight path that took it over "sensitive sites" in the US.

Friday 14 October 2022

Scam response centre (NSRC) hailed timely

 

Eyes on scammers: The National Scam Response Centre will act based on reports received to block accounts. — Filepic

National Scam Response Centre – urgently needed to stop millions...

 

KUALA LUMPUR: Forming the National Scam Response Centre (NSRC) is timely with the worrying increase in scam cases, says Universiti Teknologi Mara School of Media and Information Warfare Studies’ security and political analyst Dr Noor Nirwandy Mat Noordin.

“We hope the setting up of such a central agency and budget accorded to CyberSecurity Malaysia will lead to more awareness and more participation from the public in curbing scams and cybercrimes,” he said.The government announced in Budget 2023 the formation of the NSRC that will be operational this month. 

RM73 million to enhance cybersecurity.

 https://clips.thestar.com.my/Interactive/BUDGET2023/Scam%20awareness_Budget%202023.mp4

 

The centre involves cooperation between the police, Bank Negara Malaysia, Malaysian Communications and Multimedia Commission (MCMC) and National Anti-Financial Crime Centre (NFCC).

It will act based on reports received to block accounts as well as take action against criminals.

Banking institutions will also tighten security measures for Internet banking by stopping the use of SMS one time-passwords (OTPs) for high-risk transactions.

CyberSecurity Malaysia is also allocated RM73mil, which will, among others, improve monitoring, tracking and reporting of cyberthreats including developing cyberforensic system capability.

“We believe the funds allocated to CyberSecurity will be used to develop a manual on how people can lodge reports on the numbers of suspected scammers while increasing financial literacy among the public.“We hope such efforts will lead to people becoming more wary and vigilant against tactics used by scammers, which are ever changing,” Noor Nirwandy said.

Malaysians Against Rape, Assault and Snatch Thief (Marah) founder Dave Averan said the initiative to set up the NSRC was timely and welcomed, given the rampant and increasing occurrence of various financial scams on a daily basis worldwide.

“It is good that CyberSecurity Malaysia, the police, Bank Negara and MCMC are co-opted, as this collaboration provides synergy and a faster resolution to such cases.

“As in all things Malaysian, this good initiative will boil down to the actual implementation and effective carrying out of their responsibilities. Marah will definitely be keeping an eye on this,” he said. 

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Budget 2023: NSRC set up to combat rising online scams

 

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