“It’s crucial for everyone at all levels to scrutinize why they are using AI and ensure that there are genuine use cases for it which do not leave them exposed to harm,” Bain said.
In The Press
2024
How to Protect Log Files From Being Sold on the Dark Web
Mission Critical Magazine
According to Simon Bain, CEO at OmniIndex, log files are often a window to an entire business, and more must be done to protect them from outsider threats such as infostealers.
Bain: “If log files fall into the wrong hands, they can provide information about a system that can be used to identify weaknesses in your security setup. Once accessed, log files can be exploited by cybercriminals in a number of ways to both corrupt a system and gain data from it.
Companies Face Hefty Penalties for Product Hype as the SEC Toughens up on ‘AI Washing’
ITPro.
Two investment firms were hit with fines after they falsely marketed the use of AI, with regulators describing the practice as ‘AI washing’
Banks Can Tackle Financial Fraud by Using New Homomorphic Encryption Technology
Fintech Finance News
“Through the use of web3 technology and innovative homomorphic encryption, computations can be performed on fully encrypted data, providing actionable insights without exposure. This technology makes it possible to securely and easily add encrypted data to other tools that can use it to create live data visualisations and dashboards. These can then be shared with your team and between colleagues so the insights can be actioned without the source information ever being readable and exposed to anyone at all.
AI Training Grants Announced for SMEs to Close Skills Gaps
HR Magazine
Simon Bain, founder at data platform OmniIndex, told HR magazine that the pilot is a positive step but more needs to be done to encourage AI skills investment.
He said: “It is fantastic to see more resources put into the technology that has the genuine power to transform our lives today, from healthcare through to environmental tech. However, we need to stop calling AI and other similar solutions ‘future tech’ when they are already here.
“I truly hope this investment will help us close the gap, but we also need to ensure the infrastructure is in place today so that our economy, our research and our inventors can be at the forefront of this movement and not always chasing to catch up.”
Could AI Disrupt 50 Elections This Year? Here’s What Experts Say
Yahoo! News
The danger of generative AI comes from the speed and ease of use - and also the fact there are no regulations to prevent it, says Simon Bain, AI expert and CEO of OmniIndex, who previously developed e-voting systems.
Consultation Opens Debate on Proposed U.K. Cyber Governance Code
Compliance week
“It is simply bad business to corrupt your sensitive and business-critical data with the cesspit of inaccuracies and stolen material that tools like ChatGPT use and are being sued for using,” AI expert and CEO of Omnilndex Simon Bain told ITPro.
OpenAI’s ChatGPT Team Service Looks to Support Small Firms and Teams, But Costs Could Scupper Any Chances of Success
ITPro.
“It is simply bad business to corrupt your sensitive and business-critical data with the cesspit of inaccuracies and stolen material that tools like ChatGPT use and are being sued for using,” AI expert and CEO of Omnilndex Simon Bain told ITPro.
The Battle of GenAI: Defending Against Ransomware, Misinformation and Bias
Global security mag
Over half of business executives say they expect Generative AI (GenAI) to lead to a catastrophic cyber-attack in the next year. Yet more than two-thirds still say they’ll use GenAI for cyber defence over the next 12 months, according to PwC’s latest Global Digital Trust Insights Survey. Simon Bain, CEO and founder of web3 data platform OmniIndex, believes that whether for good or bad, GenAI is everywhere, and when used in the right way is a powerful enabler for businesses and everyday users alike. That said, all users have a responsibility to ensure that sensitive data remains private and secure.
OmniIndex Announces AI Predictions for 2024: Sustainability, Security and Finding AI Use Cases
Maddyness
While 2023 was dominated by the excitement of AI and what the technology may bring, Simon Bain, CEO at web3 and blockchain storage expert OmniIndex believes that 2024 will be the year where people turn once more to the core issues that matter to all of us: the environment and keeping our private data safe.
2023
Nigerian State Partners Firm to Protect Students’ Data
Premium Times
OmniIndex said the partnership with Cross River State, which it described as the first of its kind, would help to secure the data of every student in the state with “blockchain storage and fully encrypted analytics.”
It said the data of an estimated 500,000 persons will be fully protected with encryption, redacted anonymisation and web3 security.
“The use of blockchain and encryption technologies will enable accurate real-time insights to improve educational outcomes without ever exposing the individual personal details of those involved,” it said.
It said the data of an estimated 500,000 persons will be fully protected with encryption, redacted anonymisation and web3 security.
“The use of blockchain and encryption technologies will enable accurate real-time insights to improve educational outcomes without ever exposing the individual personal details of those involved,” it said.
Nigeria: OmniIndex Plans Nationwide Roll-Out of Blockchain Education Data Storage
The Africa Report
Californian start-up OmniIndex is in discussions with Nigeria’s federal government for nationwide deployment of its Blockchain solution for educational data storage, CEO Simon Bain tells The Africa Report.
Three Ways to Ensure AI Doesn’t Take Your Job and Why Arguing at Work is Actually a Good Thing
The Irish Sun
Simon Bain is an AI expert and CEO of OmniIndex who says being truly human, for better or worse, could save your career.
He told The U.S. Sun: "Be human! AI tools are not people, and there are many jobs where the human touch and personality are desired.
"This is not just the case in healthcare and other ‘people-centric’ industries but also in content creation, one of the first industries identified as under threat.
How Web3 Will Drive the Future of Digital Transformations
Technology Magazine
Adopting blockchain-enabled web3 technologies offers a massive opportunity for all industries to upgrade their security and productivity dramatically.
Why the Digital Health Revolution Will Fail if Patient Data Remains the Product
Building Better Healthcare
A successful digital health revolution must not put profit ahead of people, argues Simon Bain, chief executive of OmniIndex.
What is the Difference Between Ransomware and Malware?
Tech Monitor
Malware and ransomware are linked, but what makes them different from each other?
Meet OmniIndex, a Web3 Data Platform committed to protecting your data
Maddyness
As part of our quick fire questions series – or QFQs – we spoke to Simon Bain, CEO of OmniIndex about the need to change how we work with our data, working remotely and playing with timezones.
AI is Becoming The World’s Largest Cesspit of User’s Private Data. This is Why it Needs to Stop
IT Reseller
Almost overnight Web3’s ideals of user privacy and data security were shoved aside by the AI boom calling for everyone to hand over yet more data to cloud tools and big tech. Coincidence? Probably not says Simon Bain, CEO at OmniIndex.
Is Our Private Data Safe With AI?
Data Centre Review
Generative AI tools are just the latest in a long line of cloud apps focussed on turning users into products through targeted advertising and other direct and indirect means of monetisation.
OMNIINDEX AND MKAI PARTNER TO ELIMINATE BIAS IN AI
Startups Magazine
Simon Bain, CEO of OmniIndex adds: “We are delighted to be adding MKAI to our Web3 Data Platform as their beliefs and expertise perfectly match our own philosophies. What’s more, passing this extensive and complicated proof of concept with the meticulous MKAI team and their world-leading advisors is another indicator to all that Web3 and fully homomorphic encryption is the best solution for those seeking a data platform in 2023.”
Data security is a huge challenge to tackling AI biases and building an ethical, inclusive and unbiased AI landscape
IT Security Wire
OmniIndex, the secure Web3 data platform, has successfully completed a proof of concept to provide Web3 storage and encrypted analytics for the largest and most diverse AI de-risking community in the world.
With over 1,000 AI ethical stakeholders and a network spanning over 100 countries, MKAI (Morality and Knowledge in Artificial Intelligence) are the leaders in ethics in artificial intelligence. They have huge ambitions in 2023 with a number of exciting projects lined up incorporating OmniIndex’s powerful Web3 privacy and productivity capabilities.
What Are The Benefits of Web3 Data Storage?
Silicon Republic
OmniIndex’s Simon Bain discusses the advantages of Web3 data storage such as blockchain benefits, greater security and emerging tech such as AI.
Europe Must Act Against AI-Written Reviews Before It’s Too Late
The Next Web
In recent years, much of the discussion around fake reviews has dissipated, but now? They’re back with a vengeance — and it’s all because of AI.
The ascension of large language models (LLMs) like ChatGPT means we’re entering a new era of fake reviews, and governments in Europe and the rest of the world need to act before it’s too late.
5 Ways AI Could Endanger Your Business
Raconteur
AI isn’t always a boon to a business. As several recent incidents have shown, it can cause serious problems if used recklessly.
Simon Bain is CEO of encrypted data analysis specialist OmniIndex. He notes that the biggest chatbots, such as ChatGPT and Bard, “still rely on the same generative AI concepts that made Microsoft’s Tay, the incredibly misguided, racist and allround bigoted AI that was replying to teens and journalists in 2016”.
New Dropblock Mobile App Offers Free, Completely Secure Data Storage and Sharing
Financial IT
Dropblock for mobile launches today, a free, Web3 storage application offering individuals, developers, and business users a unique and completely secure mobile storage and data-sharing solution. Simply download Dropblock today from the App Store or from the Google Play Store to get 5GB of secure blockchain storage for free.
What does the BBC, Boots and British Airways cyber attack mean for HR?
People Management
Experts say cybersecurity is the people profession’s concern and, in light of the latest headline-grabbing data breaches, training, outsourcing and process need to come under greater scrutiny
Simon Bain, CEO of OmniIndex, believes the data breaches that impacted the BBC and BA among others are the result of “outdated data stores and workflows” and a precedent being set by previous ransoms for breached data being paid.
How AI will change the world by 2030, according to eight experts: Tech could solve the energy crisis, add trillions to the global economy… or wipe out the human race
Daily Mail
In healthcare, AI could predict problems before they happen by 2030, says AI expert Simon Bain, founder and CEO of software company OmniIndex, based in San Jose, California.
Educational Institutions are Top of Hackers Lists
Startups Magazine
Amid rising attacks on schools and universities, the biggest challenge in education today is data misuse, says OmniIndex CEO, urging leaders to take every step to secure their sensitive data.
OmniIndex & Future-X Education Revolutionize Educational Data Management
Yahoo! Finance
OmniIndex has won a major contract to improve the educational outcomes of thousands of students across Africa from Future-X Education.
With over 1,500 public schools, 138,000 students and 12,000 teachers using its Education Management Information System (EMIS) Future-X Education is targeting huge growth in 2023. Its mission is to digitize the educational system in Africa to bring transparency and authenticity to student records that can be referenced with ease at any point in time.
To get in touch with your own press enquiries, please contact our press team omniindex@spreckley.co.uk