Do Analysts Who Understand Accounting Conservatism Exhibit Better Forecasting Performance?

This study investigates the performance of analysts when they match the asymmetric timeliness of their earnings forecast revisions (i.e., asymmetric forecast timeliness) with the asymmetric timeliness of firms’ reported earnings (i.e., asymmetric earnings timeliness). We find that better timeliness-matching analysts produce more accurate earnings forecasts and elicit stronger market reactions to their forecast revisions. Further, better timeliness-matching analysts issue less biased earnings forecasts, more profitable stock recommendations and have more favorable career outcomes. Overall, our results indicate that analysts’ ability to incorporate conditional conservatism into their earnings forecasts is an important reflection of analyst expertise and professional success

IMPACT: Impersonation attack detection via edge computing using deep autoencoder and feature abstraction

An ever-increasing number of computing devices interconnected through wireless networks encapsulated in the cyber-physical-social systems and a significant amount of sensitive network data transmitted among them have raised security and privacy concerns. Intrusion detection system (IDS) is known as an effective defence mechanism and most recently machine learning (ML) methods are used for its development. However, Internet of Things (IoT) devices often have limited computational resources such as limited energy source, computational power and memory, thus, traditional ML-based IDS that require extensive computational resources are not suitable for running on such devices. This study thus is to design and develop a lightweight ML-based IDS tailored for the resource-constrained devices. Specifically, the study proposes a lightweight ML-based IDS model namely IMPACT (IMPersonation Attack deteCTion using deep auto-encoder and feature abstraction). This is based on deep feature learning with gradient-based linear Support Vector Machine (SVM) to deploy and run on resource-constrained devices by reducing the number of features through feature extraction and selection using a stacked autoencoder (SAE), mutual information (MI) and C4.8 wrapper. The IMPACT is trained on Aegean Wi-Fi Intrusion Dataset (AWID) to detect impersonation attack. Numerical results show that the proposed IMPACT achieved 98.22% accuracy with 97.64% detection rate and 1.20% false alarm rate and outperformed existing state-of-the-art benchmark models. Another key contribution of this study is the investigation of the features in AWID dataset for its usability for further development of IDS

An enhanced machine learning-based biometric authentication system using RR- Interval Framed Electrocardiograms

This paper is targeted in the area of biometric data enabled security by using machine learning for the digital health. The traditional authentication systems are vulnerable to the risks of forgetfulness, loss, and theft. Biometric authentication is has been improved and become the part of daily life. The Electrocardiogram (ECG) based authentication method has been introduced as a biometric security system suitable to check the identification for entering a building and this research provides for studying ECG-based biometric authentication techniques to reshape input data by slicing based on the RR-interval. The Overall Performance (OP) as a newly proposed performance measure is the combined performance metric of multiple authentication measures in this study. The performance of the proposed system using a confusion matrix has been evaluated and it has achieved up to 95% accuracy by compact data analysis. The Amang ECG (amgecg) toolbox in MATLAB is applied to the mean square error (MSE) based upper-range control limit (UCL) which directly affects three authentication performance metrics: the number of accepted samples, the accuracy and the OP. Based on this approach, it is found that the OP could be maximized by applying a UCL of 0.0028, which indicates 61 accepted samples within 70 samples and ensures that the proposed authentication system achieves 95% accuracy

Learning a deep-feature clustering model for gait-based individual identification

Gait biometrics which concern with recognizing individuals by the way they walk are of a paramount importance these days. Human gait is a candidate pathway for such identification tasks since other mechanisms can be concealed. Most common methodologies rely on analyzing 2D/3D images captured by surveillance cameras. Thus, the performance of such methods depends heavily on the quality of the images and the appearance variations of individuals. In this study, we describe how gait biometrics could be used in individuals’ identification using a deep feature learning and inertial measurement unit (IMU) technology. We propose a model that recognizes the biological and physical characteristics of individuals, such as gender, age, height, and weight, by examining high-level representations constructed during its learning process. The effectiveness of the proposed model has been demonstrated by a set of experiments with a new gait dataset generated using a shoe-type based on a gait analysis sensor system. The experimental results show that the proposed model can achieve better identification accuracy than existing models, while also demonstrating more stable predictive performance across different classes. This makes the proposed model a promising alternative to current image-based modeling

An Enhanced Electrocardiogram biometric authentication system using machine learning

Traditional authentication systems use alphanumeric or graphical passwords, or token-based techniques that require “something you know and something you have”. The disadvantages of these systems include the risks of forgetfulness, loss, and theft. To address these shortcomings, biometric authentication is rapidly replacing traditional authentication methods and is becoming an everyday part of life. The electrocardiogram (ECG) is one of the most recent traits considered for biometric purposes, and three typical use cases have been described: security checks, hospitals and wearable devices. Here we describe an ECG-based authentication system suitable for security checks and hospital environments. The proposed authentication system will help investigators studying ECG-based biometric authentication techniques to define dataset boundaries and to acquire high-quality training data. We evaluated the performance of the proposed system using a confusion matrix and also by applying the Amang ECG (amgecg) toolbox in MATLAB to investigate two parameters that directly affect the accuracy of authentication: the ECG slicing time (sliding window) and sampling time. Using this approach, we found that accuracy was optimized by using a sliding window of 0.4 s and a sampling time of 37 s

Novel EEG sensor-based risk framework for the detection of insider threats in safety critical industrial infrastructure

The loss or compromise of any safety critical industrial infrastructure can seriously impact the confidentiality, integrity, or delivery of essential services. Research has shown that such threats often come from malicious insiders. To this end, survey- and electrocardiogram-based approaches were suggested to identify these insiders; however, these approaches cannot effectively detect or predict any malicious insiders. Recently, electroencephalograms (EEGs) have been suggested as a potential alternative to detect these potential threats. Threat detection using EEG would be highly reliable as it overcomes the limitations of the previous methods. This study proposes a proof of concept for a system wherein a model trained using a deep learning algorithm is employed to evaluate EEG signals to detect insider threats; this algorithm can classify different mental states based on four category risk matrices. In particular, it analyses brainwave signals using long short-term memory (LSTM) designed to remember previous mental states of each insider and compare them with the current brain state for associated risk-level classification. To evaluate the performance of the proposed system, we perform a comparative analysis using logistic regression (LR)—a predictive analysis used to describe the relationship between one dependent binary variable and one or more independent variables—on the same dataset. The experiment results suggest that LSTM can achieve a classification accuracy of more than 80% compared to LR, which yields a classification accuracy of approximately 51%

Cross-National Differences in Victimization : Disentangling the Impact of Composition and Context

Varying rates of criminal victimization across countries are assumed to be the outcome of countrylevel structural constraints that determine the supply ofmotivated o¡enders, as well as the differential composition within countries of suitable targets and capable guardianship. However, previous empirical tests of these ‘compositional’ and ‘contextual’ explanations of cross-national di¡erences have been performed upon macro-level crime data due to the unavailability of comparable individual-level data across countries. This limitation has had two important consequences for cross-national crime research. First, micro-/meso-level mechanisms underlying cross-national differences cannot be truly inferred from macro-level data. Secondly, the e¡ects of contextual measures (e.g. income inequality) on crime are uncontrolled for compositional heterogeneity. In this paper, these limitations are overcome by analysing individual-level victimization data across 18 countries from the International CrimeVictims Survey. Results from multi-level analyses on theft and violent victimization indicate that the national level of income inequality is positively related to risk, independent of compositional (i.e. micro- and meso-level) di¡erences. Furthermore, crossnational variation in victimization rates is not only shaped by di¡erences in national context, but also by varying composition. More speci¢cally, countries had higher crime rates the more they consisted of urban residents and regions with lowaverage social cohesion.