Filtered by tag: artificial intelligence × Clear
CMMI Institute has launched its new AI Maturity (AIM) Model
Matched: AI
The CMMI Institute has launched its AI Maturity (AIM) Model, a new framework designed to help organizations assess and improve their artificial intelligence capabilities. The model was developed with input from industry experts, including certified appraisers and working group members, and builds on CMMI's established approach to process maturity to guide responsible and effective AI adoption.
As AI agents go rogue, cyber insurers are adapting their policies
Matched: AI
Cyber insurers are updating policies to address risks from autonomous AI agents, which can cause harm through unintended or malicious behavior. Key challenges include determining whether damage caused by a rogue AI constitutes a covered event and who bears liability. Insurers are revising definitions of incidents, exclusions, and triggers to account for AI-specific failures as adoption of agentic AI grows across industries.
Moving from threat intelligence to understanding business risk
Matched: AI
Security teams are shifting focus from traditional threat intelligence to understanding broader business risk, driven by advances in AI. Rather than simply cataloguing threats, organisations are being pushed to assess how vulnerabilities affect business operations and outcomes. AI tools are helping analysts process larger volumes of data and contextualise threats, enabling more strategic, risk-based decision-making rather than reactive responses.
Woolworths lifts the covers on internal AI
Matched: AI
Woolworths has revealed details of its internal AI tools, designed to reduce strain on support teams. The systems help staff access information and handle routine tasks more efficiently. The retailer sees the technology as a way to improve operational performance without significantly expanding headcount, reflecting a broader retail industry trend toward AI-driven workforce support.
Australian mutual banks are trying to balance human personal touch and AI efficiency
Matched: AI
Australian mutual banks are working to balance AI adoption with maintaining the personal service their customers value. While AI offers efficiency gains, these institutions are cautious about losing the human connection that differentiates them from larger banks. The challenge lies in integrating technology without undermining the relationship-focused approach central to the mutual banking model.
Pro-nuclear lobby group says nuclear power the best solution to data centre energy demands in Australia
Matched: AI
A pro-nuclear lobby group, Nuclear for Australia, argues that nuclear power is the best way to meet growing energy demands from AI data centres while keeping household electricity bills low. Critics dispute the claim. The debate reflects broader tensions in Australia over how to power surging data centre demand without shifting costs onto consumers.
Google launches new AI solution for financial enterprise
Matched: AI
Google Cloud has launched an AI tool aimed at financial professionals, designed to handle tasks related to financial workflows in capital markets and corporate banking. The product is part of Google's broader push to expand its AI offerings into enterprise sectors, giving institutions new ways to automate and streamline financial operations.
Report: Australian CEOs face cyber accountability gap as AI accelerates attacks
Matched: AI
More than half of Australian security professionals expect CEOs to lose their jobs following a major cyber breach, yet research highlights a significant gap between board-level accountability and actual operational preparedness. The disconnect comes as AI is accelerating the frequency and sophistication of attacks, raising concerns that leadership responsibility is outpacing organisations' real-world cyber defences.
FlyBuys reveals analysts' virtual assistant "Nex"
Matched: AI
FlyBuys has revealed an AI virtual assistant called Nex, developed by its analyst team. The loyalty programme operator says the tool is designed to help staff access and interpret data more efficiently. However, the company is taking a cautious approach to broader deployment across the business, suggesting it wants to ensure reliability and appropriateness before any wider rollout.
SCX.ai partners with DDN after ASX debut
Matched: AI
SCX.ai has partnered with AI data intelligence firm DDN shortly after listing on the Australian Securities Exchange on 21 August, following a fully underwritten $40 million IPO. The deal is intended to strengthen SCX.ai's data and AI capabilities as the newly listed company moves to establish itself in the market.
ASIC warns scammers are using AI to create deepfake investment scam networks
Matched: AI
Australia's financial regulator ASIC has warned that scammers are using generative AI to build networks of fake websites, fake news articles, and deepfake videos of celebrities to promote fraudulent investment schemes. The regulator says a basic online search can no longer be trusted to verify investment opportunities, and urges Australians to check ASIC's own registers before investing money.
South Australia launches Royal Commission into artificial intelligence
Matched: Artificial Intelligence
South Australia is launching a Royal Commission into artificial intelligence, announced by Premier Peter Malinauskas. The inquiry will examine how the rapidly advancing technology will reshape society, making it a significant formal investigation into AI's broader impacts. South Australia becomes one of the first jurisdictions to use such a high-level mechanism to scrutinise the implications of AI.
Experian research flags AI-data readiness gap among Australian lenders
Matched: AI
Australian lenders are rushing to adopt AI for credit and fraud risk, but many say their data infrastructure isn't ready to support it, according to new Experian research. The gap between AI ambition and data quality poses risks to decision-making accuracy. Experian warns that without clean, well-structured data foundations, AI deployments in financial services could produce unreliable outcomes.
Cyber incidents hit 71% of Australian organisations as AI reshapes the threat landscape, MinterEllison report
Matched: AI
Seven in ten Australian organisations reported a cyber incident in the past year, according to MinterEllison's Perspectives on Cyber Risk report. AI is increasingly reshaping the threat landscape, enabling more sophisticated attacks. The findings highlight growing pressure on organisations to strengthen defences as incident rates reach record levels.