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

Centraleyes

The financial industry is experiencing a gold rush of sorts with the integration of Artificial Intelligence (AI) technologies. The AI revolution in finance presents numerous opportunities and, simultaneously, the potential for many risks , specifically regarding consumer protection.

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Robocall Legal Advocate Leaks Customer Data

Krebs on Security

The Blacklist Alliance provides technologies and services to marketing firms concerned about lawsuits under the Telephone Consumer Protection Act (TCPA), a 1991 law that restricts the making of telemarketing calls through the use of automatic telephone dialing systems and artificial or prerecorded voice messages.

Mobile 329
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Overview of AI Regulations and Regulatory Proposals of 2023

Centraleyes

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. The government has prioritized AI risk assessment and management, recognizing the importance of understanding algorithms’ decision-making processes.

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News alert: Vaultinum rolls out ‘Timestamping’ solution to enhance promotional price transparency

The Last Watchdog

2023 – Vaultinum , a leading provider of technology due diligence and audit solutions announced today the launch of a certified Timestamping offer, enabling the creation of traceable digital proofs. In an era marked by digital advances and rapid technological innovation, ensuring transparency and accountability in markets is critical.

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12 Online Resolutions for 2021

Adam Levin

Don’t re-use passwords: Yes, keeping track of passwords for all of your accounts can be a chore, but using the same password means that one breached account can be used to others that use the same user credentials. It’s not worth the risk. Always check your credit for new accounts or unusual activity.

VPN 245
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Data Privacy in the United States: A Recap of 2023 Developments

Centraleyes

In 2023, California remained at the forefront of the movement of states with consumer privacy laws by approving the final text of the California Privacy Rights Act regulations and inviting public comments on proposed rulemaking for cybersecurity audits, risk assessments, and automated decision-making.

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New IoT Security Regulations

Schneier on Security

Due to ever-evolving technological advances, manufacturers are connecting consumer goods­ -- from toys to lightbulbs to major appliances­ -- to the internet at breakneck speeds. The Internet of Things fuses products with communications technology to make daily life more effortless.

IoT 227