Can cyber-crime result in global financial systemic risk?

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On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. The video of the TV news segment (start at 09:05) is available online until 19 May.

It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks, but also eliminating the limits on prepaid debit cards before creating thousands of copies. Not surprisingly there are strong safeguards around tampering with the limits on cards, yet the gang managed to circumvent these.
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The latest in 3D printing trends: guns, ears, body parts, and now in your local store

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It’s been a busy day in the world of 3D printing. Below is a roundup of the latest developments, all announced in the last 24 hours or so. 3D printing is one of those trends that has been visible for a long time, is just beginning to have a real impact, and in the long run could transform many aspects of our lives.

Different issues are raised by each of these stories, showing the breadth of the impact of 3D printing. I have made brief comments under each story.

Anyone looking at the future must keep abreast of the growing scope of capabilities of 3D printing and what it could mean for industries and society.

First completely 3D-printed gun shown
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The future of analogue people in a digital world

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I recently gave the keynote at Bridge Point Forum on Future Directions in the Digital Age, the title riffing off the conference’s theme of The Rise of the Digital Age.

I opened by making the critical point that, while the digital world is rising around us at an extraordinary pace, humans are completely analogue. Nothing about humans is digital. While we can conceive of and enact digital processes and thoughts, these are created from fully analogue neural networks.

This means that one of the most important frames on our future is understanding the interface between analogue humans and our increasingly digital external environment.

I illustrated the idea with segments of this movie of three Geminoids – essentially robot replicas of humans – together with their human models.


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Relaunch of Advanced Human Technologies Group website and new blog

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I am extremely happy that we have finally relaunched the website for Advanced Human Technologies Group.

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Crowdfunding creates a new layer of capital markets and new layers of value

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Yesterday ABC News featured a story on crowdfunding, providing a quick overview of the space for a broad audience.

An edited version of the segment on the 7pm News also appeared on The Business program. Click on the image to see a video of the news segment.

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Having spent quite a few years working in capital markets, I have long seen that shifts in the broader economy mean we need new layers of capital markets.
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The launch of Hub Sydney – crowdfunding memberships and distributed value creation

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The Hub global movement was founded in London in 2005, and is a very rapidly growing network of so far 30 Hub communities co-working spaces established around the world and over 5000 members.

I first heard of the Hub soon after it was established, but was first directly exposed to the network when I ran a workshop on Crowdsourcing for Startups and Social Innovation at Hub Westminster in London last year.

I was fortunate to spend some time at the Hub and with its co-founder the inimitable and inspiring Indy Johar.

Subsequently I had the chance to hang out at Hub Melbourne, which draws together an eclectic community in a vibrant space in the city center.

As such I was delighted when the launch of Hub Sydney was announced. It will open on May 8 in a large office space on William Street Darlinghurst, leased from the City of Sydney. Check out the video – it tells the Hub Sydney story well.


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Crowdsourcing Week in Singapore promises to help catalyze the global potential of crowdsourcing

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Epi Nekaj, the founder of crowdsourcing innovator Ludvik + Partners, first got in touch with me in early 2012 to discuss his plan to run a landmark global event focused on crowdsourcing.

On June 3-7 Crowdsourcing Week will be held in Singapore, bringing the Crowdsourcing Week team’s vision to fruition.

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Promoting alcohol on social media: where do we draw the line?

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Last Friday I was interviewed for a segment on ABC 7pm News about alcohol advertising on social media. Click on the image below to see the video.

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The piece begins:
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LinkedIn removes reply before accepting invitations, accelerating the devaluation of connections [UPDATED]

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[UPDATE] LinkedIn has now restored this functionality. They have variously said that it is a test they were running and a technical issue. Whatever the reality, hopefully the weight of users’ voices is helping LinkedIn to focus on supporting valued connections.

In 2011 I wrote about The continuing devaluation of LinkedIn connections.

When I first wrote the article I incorrectly thought there wasn’t a way to message people who had invited you to connect without first accepting the invitation. Commenters on my post as well as LinkedIn’s local PR company let me know that you could in fact do that.

The broader point I was making about the devaluation of LinkedIn connections still held, but the feature allowed me and others to sort through requests.
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Critical issue: Will the fertility rate in the developed world continue to increase?

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I recently appeared on the Morning Show being interviewed about the future of the family. Click on the image below to see a video of the segment.

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One of the interesting topics we discussed was trends in the fertility rate.
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