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

Centraleyes

The AI revolution in finance presents numerous opportunities and, simultaneously, the potential for many risks , specifically regarding consumer protection. Financial institutions must emphasize trust-building measures by preserving data privacy and consumer protection to mitigate risk in AI systems. and investor doubts.

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Cybercriminals Accelerate Online Scams During Ramadan and Eid Fitr

Security Affairs

Middle Eastern enterprises, facing this heightened risk, are urged to bolster consumer protection and reinforce their brand security. Notably, in the Kingdom of Saudi Arabia (KSA), consumer spending topped regional charts, exceeding $16 billion.

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Google will pay $29.5M to settle two lawsuits over its location tracking practices

Security Affairs

I am proud of how the exceptional lawyers and professionals in my office have creatively applied the District’s strong consumer protection laws to set the standard nationally and provide users far greater control of their personal information.”. Racine while announcing that Google will pay $9.5 — AG Karl A.

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Google to Pay a record $391M fine for misleading users about the collection of location data

Security Affairs

The settlement is the largest attorney general-led consumer privacy settlement ever, states the announcement published by DoJ. “Google misled its users into thinking they had turned off location tracking in their account settings, when, in fact, Google continued to collect their location information. not hidden); and.

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CSO's ultimate guide to security and privacy laws, regulations, and compliance

CSO Magazine

Federal Information Security Management Act (FISMA). Health Insurance Portability and Accountability Act (HIPAA). The Health Information Technology for Economic and Clinical Health Act (HITECH). Maryland Personal Information Protection Act – Security Breach Notification Requirements – Modifications (House Bill 1154).

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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

This proactive approach will protect users and organizations from vulnerabilities that could lead to costly and damaging cyberattacks. NIS2 (Network and Information Security Directive) The updated NIS Directive significantly expands the scope and rigor of cybersecurity requirements across the European Union.

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CNA legal filings lift the curtain on a Phoenix CryptoLocker ransomware attack

Malwarebytes

Two months after fully restoring its systems, CNA Financial, the leading US insurance company that was attacked by a group using Phoenix CryptoLocker ransomware, issued a legal notice of an information security incident to the Consumer Protection Bureau in New Hampshire.