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Carsten Maple

Publications and source records attributed to Carsten Maple.

At least 73 records · Page 4Linked to original sources
arXiv2023

The AI Revolution: Opportunities and Challenges for the Finance Sector

This report examines Artificial Intelligence (AI) in the financial sector, outlining its potential to revolutionise the industry and identify its challenges. It underscores the criticality of a well-rounded understanding of AI, its capabilities, and its implications to effectively leverage its potential while mitigating associated risks. The potential of AI potential extends from augmenting existing operations to paving the way for novel applications in the finance sector. The application of AI in the financial sector is transforming the industry. Its use spans areas from customer service enhancements, fraud detection, and risk management to credit assessments and high-frequency trading. However, along with these benefits, AI also presents several challenges. These include issues related to transparency, interpretability, fairness, accountability, and trustworthiness. The use of AI in the financial sector further raises critical questions about data privacy and security. A further issue identified in this report is the systemic risk that AI can introduce to the financial sector. Being prone to errors, AI can exacerbate existing systemic risks, potentially leading to financial crises. Regulation is crucial to harnessing the benefits of AI while mitigating its potential risks. Despite the global recognition of this need, there remains a lack of clear guidelines or legislation for AI use in finance. This report discusses key principles that could guide the formation of effective AI regulation in the financial sector, including the need for a risk-based approach, the inclusion of ethical considerations, and the importance of maintaining a balance between innovation and consumer protection. The report provides recommendations for academia, the finance industry, and regulators.

cs.AI↗
arXiv2023

A Novel Computationally Efficient Group Signature for Anonymous and Secure V2X Communications

The use of vehicle-to-everything (V2X) communication is expected to significantly improve road safety and traffic management. We present an efficient protocol, called the AEE protocol, for protecting data authenticity and user privacy in V2X applications. Our protocol provides event-based likability, which enables messages from a subject vehicle to be linked to a specific event in order to prevent Sybil attacks. Messages on different events are unlinkable to preserve the long-term privacy of vehicles. Moreover, our protocol introduces a new method for generating temporary public keys to reduce computing and transmission overheads. Such a temporary public key is bound with a certain event and is automatically revoked when the event is over. We describe how to apply our protocol in vehicular communications using two exemplar use cases. To further reduce the real-time computational complexity, our protocol enables us to decompose the cryptographic operations into offline processes for complex operations and real-time processes for fast computations.

cs.CR↗
arXiv2023

SaGess: Sampling Graph Denoising Diffusion Model for Scalable Graph Generation

Over recent years, denoising diffusion generative models have come to be considered as state-of-the-art methods for synthetic data generation, especially in the case of generating images. These approaches have also proved successful in other applications such as tabular and graph data generation. However, due to computational complexity, to this date, the application of these techniques to graph data has been restricted to small graphs, such as those used in molecular modeling. In this paper, we propose SaGess, a discrete denoising diffusion approach, which is able to generate large real-world networks by augmenting a diffusion model (DiGress) with a generalized divide-and-conquer framework. The algorithm is capable of generating larger graphs by sampling a covering of subgraphs of the initial graph in order to train DiGress. SaGess then constructs a synthetic graph using the subgraphs that have been generated by DiGress. We evaluate the quality of the synthetic data sets against several competitor methods by comparing graph statistics between the original and synthetic samples, as well as evaluating the utility of the synthetic data set produced by using it to train a task-driven model, namely link prediction. In our experiments, SaGess, outperforms most of the one-shot state-of-the-art graph generating methods by a significant factor, both on the graph metrics and on the link prediction task.

cs.LG↗
arXiv2023

Science and Technology Ontology: A Taxonomy of Emerging Topics

Ontologies play a critical role in Semantic Web technologies by providing a structured and standardized way to represent knowledge and enabling machines to understand the meaning of data. Several taxonomies and ontologies have been generated, but individuals target one domain, and only some of those have been found expensive in time and manual effort. Also, they need more coverage of unconventional topics representing a more holistic and comprehensive view of the knowledge landscape and interdisciplinary collaborations. Thus, there needs to be an ontology covering Science and Technology and facilitate multidisciplinary research by connecting topics from different fields and domains that may be related or have commonalities. To address these issues, we present an automatic Science and Technology Ontology (S&TO) that covers unconventional topics in different science and technology domains. The proposed S&TO can promote the discovery of new research areas and collaborations across disciplines. The ontology is constructed by applying BERTopic to a dataset of 393,991 scientific articles collected from Semantic Scholar from October 2021 to August 2022, covering four fields of science. Currently, S&TO includes 5,153 topics and 13,155 semantic relations. S&TO model can be updated by running BERTopic on more recent datasets

cs.DL↗
arXiv2023

Leveraging Semantic Relationships to Prioritise Indicators of Compromise in Additive Manufacturing Systems

Additive manufacturing (AM) offers numerous benefits, such as manufacturing complex and customised designs quickly and cost-effectively, reducing material waste, and enabling on-demand production. However, several security challenges are associated with AM, making it increasingly attractive to attackers ranging from individual hackers to organised criminal gangs and nation-state actors. This paper addresses the cyber risk in AM to attackers by proposing a novel semantic-based threat prioritisation system for identifying, extracting and ranking indicators of compromise (IOC). The system leverages the heterogeneous information networks (HINs) that automatically extract high-level IOCs from multi-source threat text and identifies semantic relations among the IOCs. It models IOCs with a HIN comprising different meta-paths and meta-graphs to depict semantic relations among diverse IOCs. We introduce a domain-specific recogniser that identifies IOCs in three domains: organisation-specific, regional source-specific, and regional target-specific. A threat assessment uses similarity measures based on meta-paths and meta-graphs to assess semantic relations among IOCs. It prioritises IOCs by measuring their severity based on the frequency of attacks, IOC lifetime, and exploited vulnerabilities in each domain.

cs.CR↗
arXiv2022

A privacy preserving querying mechanism with high utility for electric vehicles

Electric vehicles (EVs) are gaining popularity due to the growing awareness for a sustainable future. However, since there are disproportionately fewer charging stations than EVs, range anxiety plays a major role in the rise in the number of queries made along the journeys to find an available charging station. On the other hand, the use of personal data in various types of analytics is increasing at an unprecedented rate. Hence, the risks of privacy violation are also surging. Geo-indistinguishability is one of the standards for formalising location privacy as a generalisation of the local differential privacy. However, the noise has to be carefully calibrated considering the implications of potential utility-loss. In this paper, we introduce approximate geo-indistinguishability (AGeoI) which allows the EVs to obfuscate the individual query-locations while ensuring that they remain within their preferred area of interest. It is vital because journeys are often sensitive to a sharp drop in QoS, which has a high cost for the extra distance to be covered. We apply AGeoI and dummy data generation to protect the privacy of EVs during their journeys and preserve the QoS. Analytical insights and experiments are used to demonstrate that a very high percentage of EVs get privacy for free and that the utility-loss caused by the privacy-gain is minuscule. Using the iterative Bayesian update, our method allows for a private and highly accurate prediction of charging station occupancy without disclosing query locations and vehicle trajectories, which is vital in unprecedented traffic congestion scenarios and efficient route-planning.

cs.CR↗
arXiv2022

Federated Boosted Decision Trees with Differential Privacy

There is great demand for scalable, secure, and efficient privacy-preserving machine learning models that can be trained over distributed data. While deep learning models typically achieve the best results in a centralized non-secure setting, different models can excel when privacy and communication constraints are imposed. Instead, tree-based approaches such as XGBoost have attracted much attention for their high performance and ease of use; in particular, they often achieve state-of-the-art results on tabular data. Consequently, several recent works have focused on translating Gradient Boosted Decision Tree (GBDT) models like XGBoost into federated settings, via cryptographic mechanisms such as Homomorphic Encryption (HE) and Secure Multi-Party Computation (MPC). However, these do not always provide formal privacy guarantees, or consider the full range of hyperparameters and implementation settings. In this work, we implement the GBDT model under Differential Privacy (DP). We propose a general framework that captures and extends existing approaches for differentially private decision trees. Our framework of methods is tailored to the federated setting, and we show that with a careful choice of techniques it is possible to achieve very high utility while maintaining strong levels of privacy.

cs.CR↗
arXiv2022

A point process model for rare event detection

Detecting rare events, those defined to give rise to high impact but have a low probability of occurring, is a challenge in a number of domains including meteorological, environmental, financial and economic. The use of machine learning to detect such events is becoming increasingly popular, since they offer an effective and scalable solution when compared to traditional signature-based detection methods. In this work, we begin by undertaking exploratory data analysis, and present techniques that can be used in a framework for employing machine learning methods for rare event detection. Strategies to deal with the imbalance of classes including the selection of performance metrics are also discussed. Despite their popularity, we believe the performance of conventional machine learning classifiers could be further improved, since they are agnostic to the natural order over time in which the events occur. Stochastic processes on the other hand, model sequences of events by exploiting their temporal structure such as clustering and dependence between the different types of events. We develop a model for classification based on Hawkes processes and apply it to a dataset of e-commerce transactions, resulting in not only better predictive performance but also deriving inferences regarding the temporal dynamics of the data.

stat.AP↗
arXiv2022

Localizing Load-Altering Attacks Against Power Grids Using Deep Capsule Nets

Recent research has shown that the security of power grids can be seriously threatened by botnet-type cyber attacks that target a large number of high-wattage smart electrical appliances owned by end-users. Accurate detection and localization of such attacks is of critical importance in limiting the damage. To this end, the paper proposes a novel technique using capsule networks (CNs) tailored to the power grid security application that uses the frequency and phase angle data monitored by phasor measurement units (PMUs). With the benefit of vector output from capsules and dynamic routing agreements between them, CNs can obtain accurate detection and localization performance. To demonstrate the efficiency of the suggested technique, we compare the developed CN with benchmark data-driven methodologies, including two-dimensional convolutional neural networks (2D-CNN), one-dimensional CNN (1D-CNN), deep multi-layer perceptrons (MLP), and support vector machines (SVM). Simulations are performed on IEEE 14-, 39-, and 57-bus systems, considering various real-world issues such as PMU delays, noisy data, and missing data points. The results show that CNs significantly outperform other techniques, thus making them suitable for the aforementioned cyber security applications.

cs.CR↗
arXiv2022

Improving the Cybersecurity of Critical National Infrastructure using Modelling and Simulation

The UK Critical National Infrastructure is critically dependent on digital technologies that provide communications, monitoring, control, and decision-support functionalities. Digital technologies are progressively enhancing efficiency, reliability, and availability of infrastructure, and enabling new benefits not previously available. These benefits can introduce vulnerabilities through the connectivity enabled by the digital systems, thus, making it easier for would-be attackers, who frequently use socio-technical approaches, exploiting humans-in-the-loop to break in and sabotage an organization. Therefore, policies and strategies that minimize and manage risks must include an understanding of operator and corporate behaviors, as well as technical elements and the interfaces between them and humans. Better security via socio-technical security Modelling and Simulation can be achieved if backed by government effort, including appropriate policy interventions. Government, through its departments and agencies, can contribute by sign-posting and shaping the decision-making environment concerning cybersecurity M&S approaches and tools, showing how they can contribute to enhancing security in Modern Critical Infrastructure Systems.

cs.CR↗
arXiv2022

Securing the Electric Vehicle Charging Infrastructure

Electric Vehicles (EVs) can help alleviate our reliance on fossil fuels for transport and electricity systems. However, charging millions of EV batteries requires management to prevent overloading the electricity grid and minimise costly upgrades that are ultimately paid for by consumers. Managed chargers, such as Vehicle-to-Grid (V2G) chargers, allow control over the time, speed and direction of charging. Such control assists in balancing electricity supply and demand across a green electricity system and could reduce costs for consumers. Smart and V2G chargers connect EVs to the power grid using a charging device which includes a data connection to exchange information and control commands between various entities in the EV ecosystem. This introduces data privacy concerns and is a potential target for cyber-security attacks. Therefore, the implementation of a secure system is crucial to permit both consumers and electricity system operators to trust smart charging and V2G. In principle, we already have the technology needed for a connected EV charging infrastructure to be securely enabled, borrowing best practices from the Internet and industrial control systems. We must properly adapt the security technology to take into account the challenges peculiar to the EV charging infrastructure. Challenges go beyond technical considerations and other issues arise such as balancing trade-offs between security and other desirable qualities such as interoperability, scalability, crypto-agility, affordability and energy efficiency. This document reviews security and privacy topics relevant to the EV charging ecosystem with a focus on smart charging and V2G.

cs.CR↗
arXiv2022

Impact of Sampling on Locally Differentially Private Data Collection

With the recent bloom of data, there is a huge surge in threats against individuals' private information. Various techniques for optimizing privacy-preserving data analysis are at the focus of research in the recent years. In this paper, we analyse the impact of sampling on the utility of the standard techniques of frequency estimation, which is at the core of large-scale data analysis, of the locally deferentially private data-release under a pure protocol. We study the case in a distributed environment of data sharing where the values are reported by various nodes to the central server, e.g., cross-device Federated Learning. We show that if we introduce some random sampling of the nodes in order to reduce the cost of communication, the standard existing estimators fail to remain unbiased. We propose a new unbiased estimator in the context of sampling each node with certain probability and compute various statistical summaries of the data using it. We propose a way of sampling each node with personalized sampling probabilities as a step to further generalisation, which leads to some interesting open questions in the end. We analyse the accuracy of our proposed estimators on synthetic datasets to gather some insight on the trade-off between communication cost, privacy, and utility.

cs.CR↗
arXiv2022

Synthetic Data -- what, why and how?

This explainer document aims to provide an overview of the current state of the rapidly expanding work on synthetic data technologies, with a particular focus on privacy. The article is intended for a non-technical audience, though some formal definitions have been given to provide clarity to specialists. This article is intended to enable the reader to quickly become familiar with the notion of synthetic data, as well as understand some of the subtle intricacies that come with it. We do believe that synthetic data is a very useful tool, and our hope is that this report highlights that, while drawing attention to nuances that can easily be overlooked in its deployment.

cs.LG↗
arXiv2022

Data-Driven Detection and Identification of IoT-Enabled Load-Altering Attacks in Power Grids

Advances in edge computing are powering the development and deployment of Internet of Things (IoT) systems to provide advanced services and resource efficiency. However, large-scale IoT-based load-altering attacks (LAAs) can seriously impact power grid operations, such as destabilising the grid's control loops. Timely detection and identification of any compromised nodes are essential to minimise the adverse effects of these attacks on power grid operations. In this work, two data-driven algorithms are proposed to detect and identify compromised nodes and the attack parameters of the LAAs. The first method, based on the Sparse Identification of Nonlinear Dynamics (SINDy) approach, adopts a sparse regression framework to identify attack parameters that best describe the observed dynamics. The second method, based on physics-informed neural networks (PINN), employs neural networks to infer the attack parameters from the measurements. Both algorithms are presented utilising edge computing for deployment over decentralised architectures. Extensive simulations are performed on IEEE 6-,14- and 39-bus systems to verify the effectiveness of the proposed methods. Numerical results confirm that the proposed algorithms outperform existing approaches, such as those based on unscented Kalman filter, support vector machines (SVM), and neural networks (NN), and effectively detect and identify locations of attack in a timely manner.

eess.SY↗
arXiv2022

Applying the Shuffle Model of Differential Privacy to Vector Aggregation

In this work we introduce a new protocol for vector aggregation in the context of the Shuffle Model, a recent model within Differential Privacy (DP). It sits between the Centralized Model, which prioritizes the level of accuracy over the secrecy of the data, and the Local Model, for which an improvement in trust is counteracted by a much higher noise requirement. The Shuffle Model was developed to provide a good balance between these two models through the addition of a shuffling step, which unbinds the users from their data whilst maintaining a moderate noise requirement. We provide a single message protocol for the summation of real vectors in the Shuffle Model, using advanced composition results. Our contribution provides a mechanism to enable private aggregation and analysis across more sophisticated structures such as matrices and higher-dimensional tensors, both of which are reliant on the functionality of the vector case.

cs.CR↗
arXiv2022

Aggregation and Transformation of Vector-Valued Messages in the Shuffle Model of Differential Privacy

Advances in communications, storage and computational technology allow significant quantities of data to be collected and processed by distributed devices. Combining the information from these endpoints can realize significant societal benefit but presents challenges in protecting the privacy of individuals, especially important in an increasingly regulated world. Differential privacy (DP) is a technique that provides a rigorous and provable privacy guarantee for aggregation and release. The Shuffle Model for DP has been introduced to overcome challenges regarding the accuracy of local-DP algorithms and the privacy risks of central-DP. In this work we introduce a new protocol for vector aggregation in the context of the Shuffle Model. The aim of this paper is twofold; first, we provide a single message protocol for the summation of real vectors in the Shuffle Model, using advanced composition results. Secondly, we provide an improvement on the bound on the error achieved through using this protocol through the implementation of a Discrete Fourier Transform, thereby minimizing the initial error at the expense of the loss in accuracy through the transformation itself. This work will further the exploration of more sophisticated structures such as matrices and higher-dimensional tensors in this context, both of which are reliant on the functionality of the vector case.

cs.CR↗
arXiv2022

FedProf: Selective Federated Learning with Representation Profiling

Federated Learning (FL) has shown great potential as a privacy-preserving solution to learning from decentralized data that are only accessible to end devices (i.e., clients). In many scenarios, however, a large proportion of the clients are probably in possession of low-quality data that are biased, noisy or even irrelevant. As a result, they could significantly slow down the convergence of the global model we aim to build and also compromise its quality. In light of this, we propose FedProf, a novel algorithm for optimizing FL under such circumstances without breaching data privacy. The key of our approach is a distributional representation profiling and matching scheme that uses the global model to dynamically profile data representations and allows for low-cost, lightweight representation matching. Based on the scheme we adaptively score each client and adjust its participation probability so as to mitigate the impact of low-value clients on the training process. We have conducted extensive experiments on public datasets using various FL settings. The results show that the selective behaviour of our algorithm leads to a significant reduction in the number of communication rounds and the amount of time (up to 2.4x speedup) for the global model to converge and also provides accuracy gain.

cs.LG↗