The high level of dependency on the internet and technology today has resulted in new revenue streams and business models for organizations, but with this arises new gaps and opportunities for hackers to exploit. Cybercriminals have become increasingly complex and are attempting to steal valuable data like financial data, health records, personal identifiable information (PII) and intellectual property, and are resorting to highly profitable strategies like disrupting the overall operations of a business via DDoS attacks, or monetizing data access via the utilization of advanced ransomware techniques. So, will blockchain technology be a cybersecurity help?
Financial technology, or fintech, has long been regarded by financial institutions as the major source of disruption in their industry. Surprisingly, however, a large number of institutions still have no reliable fintech strategy to deal with the existing and expected disruptions. With ambitions of supplying fintech leadership beyond Hong Kong to mainland China and the international job market, local universities are launching several postgraduate courses in fintech in 2019 for people working in finance, technology, regulation or fintech itself. Hong Kong University of Science and Technology (HKUST) has been designing a postgraduate programme for the best part of 2018, to be launched during the next academic year. Combining the university's main strengths, the one-year fulltime master of science in financial technology (MScFinTech) is jointly offered by HKUST's schools of business management, engineering and science.
Andrew Ng, one of the founders of Coursera, has set out to raise a $150 million fund – dubbed AI Fund – in order to invest in artificial intelligence startups. The news comes just a few months after he announced his own startup, deeplearning.ai. The fund's existence was revealed because of a filing with the US Securities and Exchange Commission (SEC). The document filed with the SEC was filed under Andrew Ng's name on 14 August. At the end of June, we reported that Ng had left the Chinese company, Baidu, where he was in charge of the AI team to form his new startup, deeplearning.ai.