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Barnama
26-05-2025
- Business
- Barnama
Accountants Play Critical Role In Sustainability, Says YB Senator Datuk Seri Amir Hamzah Azizan, Minister Of Finance II At MIA International Accountants Conference 2025
KUALA LUMPUR, May 26 (Bernama) -- As sustainability becomes central to business strategy, accountants are increasingly vital in embedding Environmental, Social, and Governance (ESG) principles into corporate decision-making and reporting, said YB Senator Datuk Seri Amir Hamzah Azizan, Minister of Finance II, at the MIA International Accountants Conference 2025 (MIA Conference 2025). Datuk Seri Amir Hamzah Azizan said in his keynote address, the accounting profession's advocacy for sustainability aligns closely with national priorities, such as the National Energy Transition Roadmap (NETR) and the New Industrial Master Plan 2030 (NIMP 2030), which aim to accelerate green growth and industrial transformation.
Business Upturn
21-05-2025
- Business
- Business Upturn
General Counsels Accelerate Technology Adoption to Tackle Compliance Pressures
Wilmington, Del., United States: Technology and automation upgrades top GCs' strategic agenda this year 97% have already adopted generative AI tools 72% anticipate rising legal and regulatory costs over the next three years General counsels (GCs) across the globe are rapidly adopting technology, including generative artificial intelligence (AI), to optimize legal operations and stay on top of growing compliance pressures. This is according to new research conducted among 350 GCs and legal compliance officers across key global markets commissioned by CSC, the world's leading provider of global business administration and compliance solutions. CSC's study1, General Counsel Barometer 2025, reveals that upgrading technology and automation sits firmly at the top of legal departments' strategic priorities for the year ahead. The majority of legal departments (97%) are already using generative AI, with 49% saying the technology is significantly helping their legal teams. The most widely reported benefits of AI tools include handling larger volumes of work more efficiently (66%), improving processing times (40%), and enhancing fraud detection and risk management (41%)—highlighting technology's role in easing pressure on stretched legal teams and strengthening operational resilience. 'Even a year ago, everyone was interested in AI, but at the same time, were still standing on the sidelines and asking how trustworthy it was,' said Thijs van Ingen, global head of Corporate Solutions at CSC. 'We're now seeing real added value and productivity gains, particularly in complex areas like M&A. The shift towards tech-enabled partners shows GCs are acting decisively to modernize their departments in the face of mounting operational pressure.' Yet confidence is tempered by caution. 72% of GCs have implemented internal governance policies to manage AI use, citing fraud, data privacy, and third-party risks as their top concerns. 'AI is here to stay—but responsible use is key,' added Ian McConnel, chief legal officer at CSC. 'GCs are rightly focused on governance, accuracy, and data integrity. As legal teams evolve, they're becoming leaders in embedding safe, effective AI into core business processes—but success will depend on ensuring the data sets behind these tools are both accurate and robust.' These shifts are happening against a backdrop of rising compliance demands. Nearly three-quarters (72%) of GCs expect legal and regulatory costs to increase in the next three years, yet only 27% say they feel 'very prepared' for new requirements such as expanded beneficial ownership disclosures. The changing regulatory landscape was cited as the number one risk to legal operations in 2025. As well as embracing technology, nearly six-in-10 (58%) GCs report increased outsourcing to specialist partners—a move driven by resourcing constraints and the need for scalable, tech-enabled support across multiple jurisdictions. 'As organizations pursue global expansion, GCs are leading the charge,' adds van Ingen. 'By embedding smarter systems and forming strategic partnerships, GCs are playing a pivotal role in helping their organizations manage risk, drive efficiency, and scale legal operations globally. This marks a defining shift in the role of legal function, where GCs are guiding their organizations into a more agile, tech-enabled future.' To receive a copy of CSC's General Counsel Barometer 2025 report, please contact Hassan Ali at [email protected] . 1CSC, in partnership with Pure Profile, surveyed 350 general counsels and legal compliance officers in the Americas, Europe including UK, and Asia Pacific in 2025. Survey respondents were drawn from a range of industry sectors including communications, banking and financial services, healthcare, insurance, law, and real estate. About CSC CSC is the trusted partner of choice for more than 90% of the Fortune 500®, more than 90% of the 100 Best Global Brands (Interbrand®), and more than 70% of the PEI 300. We are the world's leading provider of global business administration and compliance solutions, specialized administration services to alternative asset managers across a range of fund strategies, transactions involving capital markets participants in both public and private markets, domain name system management and digital brand and fraud protection, and corporate tax software solutions. Founded in 1899 and headquartered in Wilmington, Delaware, USA, CSC prides itself on being privately held and professionally managed for more than 125 years. CSC has office locations and capabilities in more than 140 jurisdictions across Europe, the Americas, Asia Pacific, and the Middle East. We are a global company capable of doing business wherever our clients are—and we accomplish that by employing experts in every business we serve. We are the business behind business®. Learn more at View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Techday NZ
07-05-2025
- Techday NZ
Emojis used to hide attacks & bypass major AI guardrails
Research from Mindgard has revealed that malicious payloads can be hidden inside emojis to circumvent AI guardrails, including those from Microsoft, Nvidia, Meta, and Protect AI. The method, referred to as "emoji smuggling," was found to bypass leading large language model (LLM) security systems with an attack success rate of up to 100%, according to Mindgard's findings. This approach involves embedding hidden payloads within emojis, which current AI guardrails fail to detect. Mindgard's investigation examined six of the most widely deployed guardrail systems, all of which enterprises increasingly rely on to enforce AI security protocols in customer-facing applications, decision support platforms, and internal operations. These systems typically function as AI-powered classifiers, trained to spot toxic content, prompt injection attempts, and injection payloads. However, the research identified a significant vulnerability: many of these tools depend heavily on static pattern recognition and demonstrated insufficient resilience against adversarial attacks. The research employed low-complexity adversarial techniques, notably "emoji smuggling" and character-level perturbations. Tactics such as zero-width space insertions, homoglyph substitutions, and embedding emojis were used as part of the Character Injection methods. Additionally, the Adversarial ML Evasion approach modified prompt wording iteratively while preserving the original intent. Both methods succeeded in consistently evading the detection mechanisms, with attack success rates reaching 100% in some cases. One of the most significant findings involved the manipulation of Unicode tags within emojis, enabling the embedding of malicious instructions that remain invisible to human reviewers but are processed by the target LLM. Mindgard's study is the first to document this technique at scale against LLM guardrails. The research results brought to light notable inconsistencies in the effectiveness of current AI security strategies. Prompt injection attack success rates exceeded 70% across almost all tested guardrail systems. Specifically, the Vijil Prompt Injection Detector had an attack success rate of 87.95% for prompt injection and 91.67% for jailbreaks. Protect AI v1 followed with 77.32% and 51.39% respectively. Microsoft's Azure Prompt Shield, a core component for AI services on the Azure platform, recorded a 71.98% success rate for prompt injection and 60.15% for jailbreaks. Nvidia and Meta products showed similar levels of exposure, while Protect AI v2 showed some improvement but still had a 20.26% attack success rate for prompt injections. Despite Mindgard's responsible disclosure of these findings to the respective vendors, none of the attacks received Common Vulnerabilities and Exposures (CVE) identifiers. Mindgard noted that this reflects the nascent state of established standards for identifying and reporting AI-specific vulnerabilities. While the vulnerabilities do not immediately facilitate remote code execution or data exfiltration, Mindgard asserts they undermine the effectiveness of AI guardrail systems where robust operation is essential for organisations adopting generative AI at scale. Dr Peter Garraghan, Chief Executive Officer and co-founder of Mindgard, stated: "While AI guardrails are marketed as robust defences against adversarial prompts, our research demonstrates that these systems often operate on fragile assumptions about input sanitization and classifier reliability. The industry must move beyond static detection models toward continuous, runtime testing and adaptive defenses that reflect the dynamic threat landscape of AI." The results call attention to the importance for security leaders and AI engineers to reassess the resilience and reliability of their defensive measures. As LLMs continue to be incorporated into a variety of enterprise and consumer-facing environments, failing to rigorously test and verify guardrail protections can introduce significant risk to data security, brand reputation, and regulatory compliance.
Yahoo
07-05-2025
- Business
- Yahoo
SAP, buoyed by cloud shift, extends CEO, CFO contracts
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: SAP's supervisory board extended the contract of CEO and Executive Board Chairman Christian Klein and CFO Dominik Asam by two years, the company said in a Monday announcement. Klein's two-year extension will keep him at the helm through April 2030, the year support services for SAP's on-premises ERP Central Component systems are due to sunset for most customers. Asam, who is also on the executive board, had his contract extended through March 2028. The two executives were pivotal in a $2.18 billion restructuring journey aimed at driving customers to cloud-based ERP and embedding AI capabilities across its cloud-based enterprise suite. 'Christian Klein and Dominik Asam, together with the executive team, have played an instrumental role in SAP's ongoing success, providing steady leadership throughout the company's transformation journey,' Pekka Ala-Pietilä, chairman of SAP's supervisory board, said in the announcement. Dive Insight: SAP tied its fortunes to the cloud over a decade ago and ramped up migration efforts under Klein's tenure as CEO, which began in 2020. The company extended the deadline for ECC mainstream support by two years to 2027 the year of Klein's CEO appointment and launched the RISE with SAP migration incentive program a year later. While SAP stood firm on ending extended support services for on-premises ERP in 2030, it will provide business continuity support to customers committed to the RISE program for an additional three years, Klein said during a January earnings call. 'It's not about the extension of on-premises maintenance,' Klein said. 'It's really reaching with a helping hand to a very few large customers who need this offering to fully transform and migrate to the cloud.' The company added migration credits to the RISE with SAP program and expanded technical support services last year, promising a dedicated enterprise architect to ease each customer's journey to cloud last year. SAP also moved fast to deploy automated generative AI agents in an effort to 'supercharge' its Joule AI assistant, Klein said in October. The marriage of cloud and AI paid off during the first three months of the year. SAP increased cloud-based product revenues 27% year over year to nearly $6 billion. Cloud ERP accounted for 85% of the segment's revenues, Asam said last month, during the company's Q1 2025 earnings call.
Hi Dubai
30-04-2025
- Business
- Hi Dubai
Dubai Investments Drives Inclusive, Low-Carbon Growth in 2024 ESG Report
Dubai Investments, the diversified investment company listed on the Dubai Financial Market, has released its 2024 ESG Report under the theme 'Resilient Futures Advancing Sustainability Through Innovation and Collaboration.' The report highlights measurable progress across clean energy, operational efficiency, workforce development, and community initiatives, with expanded coverage across 12 wholly owned subsidiaries. The 2024 ESG Report affirms Dubai Investments' alignment with international and national standards, including GRI, DFM ESG Indicators, and the UAE's sustainability vision. As the Group looks ahead, its strategy remains rooted in transparency, measurable impact, and long-term resilience, driven by innovation and collaborative action. At the foundation of this progress lies strong corporate governance, which continues to guide our sustainability agenda. With oversight from an experienced and diverse Board of Directors, the Group is embedding ESG principles at every level of decision-making. In 2024, Dubai Investments reinforced its commitment to ethical conduct, risk oversight, and regulatory compliance, ensuring that resilience, transparency, and accountability remain central to the Group's long-term strategy. said Mohammed Saeed Al Raqbani, Head of Sustainability Committee at Dubai Investments Accelerating its transition toward a low-carbon future, Dubai Investments commissioned a 1.2 MW rooftop solar system at the Ritaj community, now supplying nearly 30% of its energy needs through renewables. Emirates Float Glass improved energy efficiency through targeted operational enhancements, while Emirates Extrusion Factory achieved 100% aluminium scrap reuse and implemented eco-efficient coating technologies. Group-wide efforts in water conservation advanced, with subsidiaries expanding reuse and treatment systems to reduce consumption and protect local ecosystems. Human capital development remained a core ESG pillar in 2024. Over 2,700 employees participated in 9,600+ hours of training, spanning leadership, technical, and sustainability topics. Career development reviews achieved 100% coverage, reinforcing a culture of continuous growth. The Group advanced its Emiratisation agenda and also maintained full occupational health and safety coverage with zero fatalities reported. Community engagement also saw momentum through initiatives like the Green Run, school supply campaigns, and fertility awareness drives. Click here to view the full report News Source: MSL Group
