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Security & Privacy


Why Is Biometric Identity Verification More Secure & Safer Than Passwords? - AI Summary

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Passwords are easily stolen on a regular basis. According to the 2017 Verizon Data Breach Investigations Report (DBIR), hackers exploited stolen or weak passwords to cause 81 percent of data breaches in 2016.


The EU AI Act could help get to Trustworthy AI, according to the Mozilla Foundation

ZDNet

George Anadiotis got tech, data, and media, and he's not afraid to use them. One year after the first draft was introduced, details about the EU AI Act remained few and far between. Despite the fact that this regulatory framework is not still finalized -- or rather, precisely because of that reason -- now is the time to learn more about it. Previously, we covered some key facts about the EU AI Act: who it applies to when it will be enacted, and what it's about. We embarked on this exploration alongside Mozilla Foundation's Executive Director Mark Surman and Senior Policy Researcher Maximilian Gahntz.


Facebook issues $397 checks to Illinois residents as part of class-action lawsuit

Engadget

More than a million Illinois residents will receive a $397 settlement payment from Facebook this week, thanks to a legal battle over the platform's since-retired photo-tagging system that used facial recognition. It's been nearly seven years since the 2015 class-action lawsuit was first filed, which accused Facebook of breaking a state privacy law that forbids companies from collecting biometric data without informing users. The platform has since faced broad, global criticism for its use of facial recognition tech, and last year Meta halted the practice completely on Facebook and Instagram. But as Vox notes, the company has made no promises to avoid facial recognition in future products. Even though it was first filed in Illinois, the class-action lawsuit eventually wound up on Facebook's home turf -- at the U.S. District Court for Northern California.


Broadcom's AI, Cloud, and security solutions add value on new z16 mainframe

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Broadcom Inc. has announced expanding opportunities for organizations to gain greater value from the company's advanced AI, security, and hybrid cloud solutions with "Day One" support for IBM's new z16. Broadcom's suite of software solutions, services, and unique "beyond code" programs provide clients an advantage to succeed in an increasingly challenging business environment. "Our strategic investments position clients to exploit the z16 along with advances in AI, cybersecurity, cloud integration, and agility," said Greg Lotko, senior VP and GM, Mainframe Software Division, Broadcom. What distinguishes Broadcom is our deep investment in technology and how we work side-by-side in partnership with our clients to overcome their unique challenges and create new opportunities." As a member of the z16 Early Ship Program, Broadcom collaborated with IBM to ensure clients can capitalize on the full range of our mainframe software solutions on the new platform to drive progress toward their innovation and business goals. "Nothing can match the transaction performance of a mainframe, and the way that we manage the platform using Broadcom technology is a real differentiator for us," said Johan Bosch, executive director for iOCO Infrastructure Services. "We can deliver our services at 25 percent of the cost when measured against standalone banking environments.


Technique protects privacy when making online recommendations

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Algorithms recommend products while we shop online or suggest songs we might like as we listen to music on streaming apps. These algorithms work by using personal information like our past purchases and browsing history to generate tailored recommendations. The sensitive nature of such data makes preserving privacy extremely important, but existing methods for solving this problem rely on heavy cryptographic tools requiring enormous amounts of computation and bandwidth. MIT researchers may have a better solution. They developed a privacy-preserving protocol that is so efficient it can run on a smartphone over a very slow network.


Tech update for convenience services: AI, contactless payments and cybercrime

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Every year, it gets harder to keep up with technology updates in convenience services. For many industry players, the pandemic put some projects on hold, but the surging interest in contactless transactions accelerated expansion of technology innovation. An early morning session, "Trending Technologies in Convenience Services," gave attendees a chance to unpack the key tech innovations at the National Automatic Merchandising Association show at Chicago's McCormick Place. "The pandemic has given us a lot of new terms, and it's also accelerated the digital transformation of the industry," session moderator Michael Kasavana, Ph.D., the NAMA endowed professor emeritus, observed at the outset. The well attended session provided updates on artificial intelligence services for convenience services, contactless payments and ways to prevent the growing cybercrime threat.


Global Big Data Conference

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Algorithms recommend products while we shop online or suggest songs we might like as we listen to music on streaming apps. These algorithms work by using personal information like our past purchases and browsing history to generate tailored recommendations. The sensitive nature of such data makes preserving privacy extremely important, but existing methods for solving this problem rely on heavy cryptographic tools requiring enormous amounts of computation and bandwidth. MIT researchers may have a better solution. They developed a privacy-preserving protocol that is so efficient it can run on a smartphone over a very slow network.


Protecting payments in an era of deepfakes and advanced AI

#artificialintelligence

In the midst of unprecedented volumes of e-commerce since 2020, the number of digital payments made every day around the planet has exploded – hitting about $6.6 trillion in value last year, a 40 percent jump in two years. With all that money flowing through the world's payments rails, there's even more reason for cybercriminals to innovate ways to nab it. To help ensure payments security today requires advanced game theory skills to outthink and outmaneuver highly sophisticated criminal networks that are on track to steal up to $10.5 trillion in "booty" via cybersecurity damages, according to a recent Argus Research report. Payment processors around the globe are constantly playing against fraudsters and improving upon "their game" to protect customers' money. The target invariably moves, and scammers become ever more sophisticated.



Senior Engineering Manager, Machine Learning Platform

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We're the world's most trusted way to join the crypto revolution, serving more than 89 million accounts in more than 100 countries. Our mission is to increase economic freedom around the world, and we couldn't do this without hiring the best people. We're a group of hard-working overachievers who are deeply focused on building the future of finance and Web 3.0 for our users across the globe, whether they're trading, storing, staking or using crypto. Know those people who always lead the group project? There are a few things we look for across all hires we make at Coinbase, regardless of role or team.