BENGALURU: Goldman Sachs Group Inc chief executive officer (CEO) David Solomon on Wednesday apologised to Malaysians for former banker Tim Leissner’s role in the sovereign wealth fund 1Malaysia Development Bhd (1MDB) scandal, but said the bank had conducted due diligence before every transaction.
Goldman is being investigated by Malaysian authorities and the US Department of Justice (DoJ) for its role as underwriter and arranger of three bond sales that raised US$6.5 billion for 1MDB.
This article is part of Demystifying AI, a series of posts that (try to) disambiguate the jargon and myths surrounding AI. History shows that cybersecurity threats evolve along with new technological advances. Relational databases brought SQL injection attacks, web scripting programming languages spurred cross-site scripting attacks, IoT devices ushered in new ways to create botnets, and the internet in general opened a Pandora’s box of digital security ills. Social media created new ways to manipulate people through micro-targeted content delivery and made it easier to gather information for phishing attacks. And bitcoin enabled the delivery of crypto-ransowmare attacks. The list goes on. The point is, every… This story continues at The Next Web