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Dublin startup raises US$2.5 m to protect AI data with encryption

Mirror Security, founded at University College Dublin, has announced a US$2.5 million (approx. €2.15 million) pre-seed funding round to develop what it describes as the next generation of secure AI infrastructure.

The startup’s core product, VectaX, is a fully homomorphic encryption (FHE) engine designed for AI workloads. This technology allows AI systems to process, train or infer on data that remains encrypted, meaning sensitive or proprietary data never has to be exposed in plaintext, even during computation.

Backed by leading deep-tech investors such as Sure Valley Ventures (SVV) and Atlantic Bridge, Mirror Security plans to scale its engineering and AI-security teams across Ireland, the US and India, accelerate development of encrypted inferencing and secure fine-tuning, and target enterprise markets in the US.

As organisations increasingly adopt AI, often handling sensitive data, Mirror Security argues that conventional security measures (like policy-based controls) fall short. Its encryption native approach aims to provide cryptographic guarantees rather than trust-based assurances, positioning the company as a ‘trust layer’ for the emerging AI economy.

The Irish startup also announced a strategic partnership with Inception AI (a subsidiary of G42) to deploy its full AI security stack across enterprise and government systems. Mirror has also formed collaborations with major technology players including Intel, MongoDB, and others.

From a digital policy and global technology governance perspective, this funding milestone is significant. It underlines how the increasing deployment of AI, especially in enterprise and government contexts, is creating demand for robust, privacy-preserving infrastructure. Mirror Security’s model offers a potential blueprint for how to reconcile AI’s power with data confidentiality, compliance, and sovereignty.

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Australia stands firm on under 16 social media ban

Australia’s government defended its under-16 social media ban ahead of its introduction on 10 December. Minister Anika Wells said she would not be pressured by major platforms opposing the plan.

Tech companies argued that bans may prove ineffective, yet Wells maintained firms had years to address known harms. She insisted parents required stronger safeguards after repeated failures by global platforms.

Critics raised concerns about enforcement and the exclusion of online gaming despite widespread worries about Roblox. Two teenagers also launched a High Court challenge, claiming the policy violated children’s rights.

Wells accepted rollout difficulties but said wider social gains in Australia justified firm action. She added that policymakers must intervene when unsafe operating models place young people at risk.

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Italy secures new EU support for growth and reform

The European Commission has endorsed Italy’s latest request for funding under the Recovery and Resilience Facility, marking an important step in the country’s economic modernisation.

An approval that covers 12.8 billion euros, combining grants and loans, and supports efforts to strengthen competitiveness and long-term growth across key sectors of national life.

Italy completed 32 milestones and targets connected to the eighth instalment, enabling progress in public administration, procurement, employment, education, research, tourism, renewable energy and the circular economy.

Thousands of schools have gained new resources to improve multilingual learning and build stronger skills in science, technology, engineering, arts and mathematics.

Many primary and secondary schools have also secured modern digital tools to enhance teaching quality instead of relying on outdated systems.

Health research forms another major part of the package. Projects focused on rare diseases, cancer and other high-impact conditions have gained fresh funding to support scientific work and improve treatment pathways.

These measures contribute to a broader transformation programme financed through 194.4 billion euros, representing one of the largest recovery plans in the EU.

A four-week review by the Economic and Financial Committee will follow before the payment can be released. Once completed, Italy’s total receipts will exceed 153 billion euros, covering more than 70 percent of its full Recovery and Resilience Facility allocation.

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Australia launches national AI plan to drive innovation

The Australian Government has unveiled its National AI Plan, aiming to harness AI to build a fairer, stronger nation. The plan helps government, industry, research and communities collaborate to ensure everyone benefits as technology transforms the economy and society.

AI is reshaping work, learning and service delivery across Australia, boosting productivity, competitiveness and resilience. The plan outlines a path for developing trusted AI solutions while promoting investment, innovation and national capability.

Key initiatives focus on spreading benefits widely, supporting small businesses, regional communities and groups at risk of digital exclusion.

Programs such as the AI Adopt Program and the National AI Centre provide guidance and resources. At the same time, digital skills initiatives aim to increase AI literacy across schools, TAFEs and community organisations.

Safety and trust remain central, with the government establishing the AI Safety Institute to monitor risks and ensure the ethical adoption of AI. Legal, regulatory and ethical frameworks will be reviewed to protect Australians and establish the country as a leader in global AI standards.

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Philips launches AI-powered spectral CT system

Philips has unveiled Verida, the world’s first detector-based spectral CT fully powered by AI. The system integrates AI across the imaging chain, enhancing image quality, lowering system noise, and streamlining clinical workflow for faster, more precise diagnostics.

Spectral CT allows tissues to be distinguished based on how they absorb different x-ray energies, providing insights that conventional scans cannot. Verida reconstructs 145 images per second, completing exams in under 30 seconds, allowing up to 270 scans daily with lower doses and up to 45% less energy use.

Clinicians are already seeing benefits, especially in cardiac imaging. Prof. Eliseo Vañó Galván, Chairman of CT & MR at Hospital Nuestra. Sra. Del Rosario in Madrid, said the system could boost confidence, reduce invasive procedures, and expand spectral imaging.

Built for high-demand environments, Verida combines AI-driven reconstruction with Philips’ Nano-panel dual-layer detector and proprietary Spectral Precise Image technology. The system is CE-marked and 510k pending, with availability in select markets expected in 2026.

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Cairo Forum examines MENA’s path in the AI era

The Second Cairo Forum brought together experts to assess how AI, global shifts, and economic pressures are shaping MENA. Speakers said the region faces a critical moment as new technologies accelerate. The discussion asked whether MENA will help shape AI or simply adopt it.

Participants highlighted global divides, warning that data misuse and concentrated control remain major risks. They argued that middle-income countries can collaborate to build shared standards. Several speakers urged innovation-friendly regulation supported by clear safety rules.

Officials from Egypt outlined national efforts to embed AI across health, agriculture, and justice. They described progress through applied projects and new governance structures. Limited data access and talent retention were identified as continuing obstacles.

Industry voices stressed that trust, transparency, and skills must underpin the use of AI. They emphasised co-creation that fits regional languages and contexts. Training and governance frameworks were seen as essential for responsible deployment.

Closing remarks warned that rapid advances demand urgent decisions. Speakers said safety investment lags behind development, and global competition is intensifying. They agreed that today’s choices will shape the region’s AI future.

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Meta criticised for AI-generated adverts scams

Meta has faced criticism after numerous consumers reported being misled by companies using AI-generated adverts on Facebook and Instagram. The firms posed as UK businesses while shipping cheap goods from Asia, prompting claims that scams were ‘running rampant’ on the platforms.

Victims were persuaded by realistic adverts and AI-generated images but received poorly made clothing and jewellery. Several companies, including C’est La Vie, Mabel & Daisy, Harrison & Hayes, and Chester & Clare, were removed after investigations revealed fabricated backstories and fake shopfronts.

Consumer guides recommend vigilance, advising shoppers to check company websites, reviews, and use Trustpilot to verify legitimacy. Experts warn that overly perfect images, including AI-generated shopfronts or models, may signal fraudulent adverts.

Platforms such as Facebook and Instagram are urged to enforce stricter measures to prevent scams.

Meta stated it works with Stop Scams UK and encourages users to report suspicious adverts, while the Advertising Standards Authority continues to crack down on misleading online promotions.

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South Korea retailer admits worst-ever data leak

Coupang disclosed a major data breach on 30 November 2025 that exposed 33.7 million customer accounts. The leaked data includes names, email addresses, phone numbers, shipping addresses and some order history but excludes payment or login credentials.

The company said it first detected unauthorised access on 18 November. Subsequent investigations revealed that attacks likely began on 24 June through overseas servers and may involve a former employee’s still-active authentication key.

South Korean authorities launched an emergency probe to determine if Coupang violated data-protection laws. The government warned customers to stay alert to phishing and fraud attempts using the leaked information.

Cybersecurity experts say the breach may be one of the worst personal-data leaks in Korean history. Critics claim the incident underlines deep structural weaknesses in corporate cybersecurity practices.

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Fraud and scam cases push FIDReC workloads to new highs

FIDReC recorded 4,355 claims in FY2024/2025, marking its highest volume in twenty years and a sharp rise from the previous year. Scam activity and broader dispute growth across financial institutions contributed to the increase. Greater public awareness of the centre’s role also drove more filings.

Fraud and scam disputes climbed to 1,285 cases, up more than 50% and accounting for nearly half of all claims. FIDReC accepted 2,646 claims for handling, with early resolution procedures reducing formal caseload growth. The phased approach encourages direct negotiation between consumers and providers.

Chief Executive Eunice Chua said rising claim volumes reflect fast-evolving financial risks and increasingly complex products. National indicators show similar pressures, with Singapore ranked second globally for payment card scams. Insurance fraud reports also continued to grow during the year.

Compromised credentials accounted for most scam-related cases, often involving unauthorised withdrawals or card charges. Consumers reported incidents without knowing how their details were obtained. The share of such complaints rose markedly compared with the previous year.

Banks added safeguards on large digital withdrawals as part of wider anti-scam measures. Regulators introduced cooling-off periods, stronger information sharing and closer monitoring of suspicious activity. Authorities say the goal is to limit exposure to scams and reinforce public confidence.

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UK to require crypto traders to report details from 2026

The UK government has confirmed that cryptocurrency traders will be required to report personal details to trading platforms from 1 January 2026. The move forms part of the Cryptoasset Reporting Framework (CAFR), aligned with an OECD agreement, and aims to improve compliance with existing tax rules.

Under the framework, exchanges must provide HM Revenue & Customs (HMRC) with customer information, including cryptocurrency transactions and tax reference numbers.

Traders who fail to supply required details could face fines of up to £300, while platforms may be fined the same amount per unreported customer. HMRC expects to raise up to £315 million by 2030 from the new reporting rules.

Experts warn exchanges may face challenges collecting accurate information, potentially passing compliance costs onto users. Some investors may initially turn to noncompliant platforms, but international standards are expected to drive global alignment over time.

The 2025 Budget also addressed the taxation of DeFi activities such as lending and staking. HMRC appears to favour taxing gains only when they are realised, although no final decision has been made and consultations with stakeholders will continue.

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