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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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The Need for Trustworthy AI

Schneier on Security

It doesn’t take much extrapolation from today’s technologies to envision AIs that will plan trips for you, negotiate on your behalf or act as therapists and life coaches. We expect those will be largely cleaned up as the technology improves over the next few years. Or the candidate who paid it the most money?

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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). Avoid giving away any personal information. Violations of the TCPA are subject to stiff civil penalties.

Scams 139
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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. Supply chain professionals have to ensure their technology can scale to meet demand increases. Quality data : Data-driven automation technology is only as good as the information it collects.

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Microsoft to pay $20m penalty for collecting children info without consent

CyberSecurity Insiders

Digging deep into the context, a lawsuit was slapped against the technology giant for collecting information of children playing games on Xbox Gaming Consoles.

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

Security Affairs

Given the vast level of tracking and surveillance that technology companies can embed into their widely used products, it is only fair that consumers be informed of how important user data, including information about their every move, is gathered, tracked, and utilized by these companies. The IT giant will pay $9.5