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AI Regulation in Finance: Steering the Future with Consumer Protection at the Helm

Security Boulevard

The financial industry is experiencing a gold rush of sorts with the integration of Artificial Intelligence (AI) technologies. The post AI Regulation in Finance: Steering the Future with Consumer Protection at the Helm appeared first on Security Boulevard.

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Stretching the boundaries through artificial intelligence: the European proposal for a dedicated regulation. The protection of personal data.

Privacy and Cybersecurity Law

Artificial intelligence feeds on data: both personal and non-personal. It is no coincidence, therefore, that the European Commission’s “ Proposal for a Regulation laying down harmonized rules on Artificial Intelligence ”, published on April 21, 2021 (the Proposal), has several points of contact with the GDPR.

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AI-generated voices in robocalls are illegal, rules FCC

Malwarebytes

The Federal Communications Commission (FCC) has announced that calls made with voices generated with the help of Artificial Intelligence (AI) will be considered “artificial” under the Telephone Consumer Protection Act (TCPA).

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Cybersecurity & Artificial Intelligence (AI) – a view from the EU Rear Window, Part II

McAfee

There is a need to ensure the integrity of the data and algorithms on which the AI is based, including “product safety checks by market surveillance authorities and consumer protection rules that implement place, whit appropriate minimum safety standards.”

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Governor Newsom Vetoes California's Landmark AI Regulation Bill

SecureWorld News

The bill, seen as a model for national AI legislation, sought to establish sweeping oversight over the booming artificial intelligence industry in California. The absence of clear boundaries leaves consumers vulnerable to unchecked AI advancements. The veto sparked mixed reactions. Yes, several states in the U.S.

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Facebook sued for siphoning facial recognition data without consent

Malwarebytes

Six years ago, Yann LeCun, currently Chief AI Scientist at Meta, gave Facebook users an idea of how his team approached its work in artificial intelligence research and facial recognition. Paxton doesn’t see Facebook’s face recognition technology as a means to protect its user’s identities.

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GUEST ESSAY: A primer on best practices for automating supply chain cybersecurity

The Last Watchdog

Businesses must automatically secure their supply chains to protect themselves and comply with consumer-protection laws. For example, quality artificial intelligence only needs milliseconds to process millions of data points. Data breaches exposed over 37 billion records in 2020 alone — a 141% jump from 2019.