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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. With huge data volumes processed by the financial services sector, AI holds much promise for the industry. AI is a data-hungry beast, and banks produce a staggering amount of data these days.

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Camera tricks: Privacy concerns raised after massive surveillance cam breach

SC Magazine

According to thought leaders, the compromise of video data could result in intellectual property theft, physical security threats, privacy violations, extortion and perhaps regulatory punishment. All sensitive data should only be stored for the amount of time required and in accordance with any data privacy policies,” said Smith.