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March is a time for leprechauns and four-leaf clovers, and as luck would have it, its also a time to learn how to protect your private data from cybercrime. Each year, the first week of March (March 2-8) is recognized as National ConsumerProtection Week (NCPW).
Speaking to staff at these firms, the FTC found that behaviors ranging from mouse movements on a webpage to the type of products that consumers leave in an online shopping cart without clicking Buy can be tracked and used by retailers to tailor consumer pricing. FTC chair Lina M.
The bill, seen as a model for national AI legislation, sought to establish sweeping oversight over the booming artificialintelligence industry in California. Newsom's veto appears to be a clear indication that he wants to see a risk-based regime in future California AI proposals." The veto sparked mixed reactions.
Artificialintelligence 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 ArtificialIntelligence ”, published on April 21, 2021 (the Proposal), has several points of contact with the GDPR.
The Federal Communications Commission (FCC) has announced that calls made with voices generated with the help of ArtificialIntelligence (AI) will be considered “artificial” under the Telephone ConsumerProtection Act (TCPA). Keep threats off your iOS devices by downloading Malwarebytes for iOS today.
The financial industry is experiencing a gold rush of sorts with the integration of ArtificialIntelligence (AI) technologies. The AI revolution in finance presents numerous opportunities and, simultaneously, the potential for many risks , specifically regarding consumerprotection.
The European Union’s proposed AI Act takes some important steps, requiring transparency about the data used to train AI models, mitigation for potential bias, disclosure of foreseeable risks and reporting on industry standard tests. The AIs of the future should be trustworthy.
Six years ago, Yann LeCun, currently Chief AI Scientist at Meta, gave Facebook users an idea of how his team approached its work in artificialintelligence research and facial recognition. Paxton doesn’t see Facebook’s face recognition technology as a means to protect its user’s identities.
How AI is Revolutionizing Compliance Artificialintelligence has revolutionized compliance practices by enabling organizations to navigate complex regulatory frameworks with agility and precision. These tools monitor risk profiles and regulatory changes, enabling organizations to address potential issues preemptively.
Businesses must automatically secure their supply chains to protect themselves and comply with consumer-protection laws. Automatic third-party risk management identifies potential relationship vulnerabilities , improving cybersecurity. Data breaches exposed over 37 billion records in 2020 alone — a 141% jump from 2019.
These fraudulent activities not only compromise wireless account access but also pose significant risks to financial accounts, social media profiles, and other online services utilizing phone numbers for multi-factor authentication (MFA).
On May 8, 2024, the Colorado House of Representatives passed SB 205, a landmark law regulating artificialintelligence (AI). SB 205, the Colorado AI Act, is a pioneering effort to establish a regulatory framework for AI systems, particularly those classified as “high-risk.”
Deepfake videos, which use artificialintelligence to create hyper-realistic but entirely fake footage, and AI-powered robocalls, which use advanced speech synthesis to deliver convincing but fraudulent messages, are among the tactics being used to sway public opinion and disrupt the democratic process.
A recent study shows that companies spend an average of $10,000 per employee annually on regulatory subscription and third-party risk management. From automated monitoring to real-time updates and integrated risk management, these tools make compliance manageable and efficient. The good news?
Over the last decade, financial firms have been mandated to adopt new compliance frameworks at an unprecedented rate, partly due to the sector’s digital transformation and rising concerns around cybersecurity and consumerprotection. The tools below address this challenge by offering real-time compliance and risk monitoring.
These low results for cyber preparedness and resiliency present a significant risk for business. 23% of respondents say they do not currently have a CISO or security leader. a human factor), and 28% involved system glitches, including IT and business process failures.
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Critical infrastructure is at risk, moreso thanks to AI. Kip Boyle, vCISO, Cyber Risk Opportunities LLC: The Challenge of Cultivating Buy-in from Leadership and Employees "Cybersecurity professionals will continue to face a critical challenge: cultivating genuine buy-in from both senior leaders and employees.
Indeed, the regulation of ArtificialIntelligence looms large on the horizon, and in many ways, it’s already underway. Take the European Union’s ambitious AI Act , for instance, with its far-reaching rules designed to rein in AI applications that pose unacceptable risks.
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