In March 2024, the Australian Senate resolved that the Select Committee on Adopting Artificial Intelligence (AI) be established to inquire into and report on the opportunities and impacts for Australia arising out of the uptake of AI technologies in Australia. The committee intends to report to the Parliament on or before 19 September 2024.More than 40 Australian AI experts made a joint submission to the Inquiry. The submission from Australians for AI Safety calls for the creation of an AI Safety Institute. “Australia has yet to position itself to learn from and contribute to growing global efforts. To achieve the economic and social benefits that AI promises, we need to be active in global action to ensure the safety of AI systems that approach or surpass human-level capabilities.” “Too often, lessons are learned only after something goes wrong. With AI systems that might approach or surpass human-level capabilities, we cannot afford for that to be the case.”This session has gathered experts and specialists in their field to discuss best practice alignment of AI applications and utilisation to safety and cybersecurity requirements. This includes quantum computing which is set to revolutionise sustainability, cybersecurity, ML, AI and many optimisation problems that classic computers can never imagine. In addition, we will also get briefed on: OWASP Top 10 for Large Language Model Applications; shedding light on the specific vulnerabilities LLMs face, including real world examples and detailed exploration of five key threats addressed using prompts and responses from LLMs; Prompt injection, insecure output handling, model denial of service, sensitive information disclosure, and model theft; How traditional cybersecurity methodologies can be applied to defend LLMs effectively; and How organisations can stay ahead of potential risks and ensure the security of their LLM-based applications.PanelistsDr Mahendra SamarawickramaDirector | Centre for Sustainable AIDr Mahendra Samarawickrama (GAICD, MBA, SMIEEE, ACS(CP)) is a leader in driving the convergence of Metaverse, AI, and Blockchain to revolutionize the future of customer experience and brand identity. He is the Australian ICT Professional of the Year 2022 and a director of The Centre for Sustainable AI and Meta61. He is an Advisory Council Member of Harvard Business Review (HBR), a Committee Member of the IEEE AI Standards, an Expert in AI ethics and governance at the Global AI Ethics Institute (GAIEI), a member of the European AI Alliance, a senior member of IEEE (SMIEEE), an industry Mentor in the UNSW business school, an honorary visiting scholar at the University of Technology Sydney (UTS), and a graduate member of the Australian Institute of Company Directors (GAICD).Ser Yoong GohHead of Compliance | ADVANCE.AI | ISACA Emerging Trends Working GroupSer Yoong is a seasoned technology professional who has held various roles with multinational corporations, consulting and also SMEs from various industries. He is recognised as a subject matter expert in the areas of cybersecurity, audit, risk and compliance from his working experience, having held various certifications and was also recognised as one of the Top 30 CSOs in 2021 from IDG. Shannon DavisPrincipal Security Strategist | Splunk SURGe