Artificial intelligence (AI) technologies are ripe for exploitation and could be used by cyber criminals to crash whole fleets of driverless cars during the next decade, experts have warned.
Cyber attacks cost financial services firms more than companies from any other industry, with the rate of breaches in the sector tripling over the last five years.
Cryptocurrencies will need some form of regulation and guidance before they have the potential to significantly disrupt financial markets, according to S&P Global Ratings.
The overwhelming majority of business leaders around the world are unprepared for hackers infiltrating their organisation, with only 30% developing a plan to respond to cyber attacks.
Financial technology companies in the UK attracted $4.2bn (£2.98bn) of investment in 2017, up from $0.7bn the previous year, according to a new report from KPMG.
The UK has been ranked the fifth most prepared nation for the introduction of self-driving cars, just behind the Netherlands, Singapore, the US and Sweden.
Rapidly converging digital technologies and societal changes have created a “perfect storm” for the global healthcare sector, driving intense innovation and mergers and acquisitions (M&A).
Financial, professional and technical services will be the first affected by a wave of automation set to sweep the UK in the early 2020s, with 6-8% of jobs impacted.
There were 120 private technology investments made by reinsurers over the course of 2017 – the highest number recorded for any year to date.
Increasing artificial intelligence (AI) and human-machine collaboration investment to the same levels of the world’s top performing companies could boost global business revenues by 38%.