Author archives

Sabrina I. Pacifici, MSLIS, KM, Law Librarian, SME / Legal Research, Financial Services, Privacy, Civil Liberties, GovDocs, Social Media.
Solo Editor, Publisher, Founder, Owner - LLRX.com® – the free e-journal on law, technology and research for Librarians, Lawyers, Researchers, Academics, and Journalists. Established in 1996, and published monthly.
Sabrina I. Pacifici is also the solo Researcher/Author, of beSpacific® - Accurate research and knowledge discovery of documents and resources focused on law, technology, government documents, civil liberties, privacy, justice and emerging technology issues - with a global perspective. Updated daily since 2002 with a searchable database of over 45,000 postings.
See also the beSpacific Mastodon feed updated daily, with unique resources to support effective, timely, focused, subject matter resource sharing.

AI in Banking and Finance, June 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Financial regulators have ‘insufficiently’ addressed hedge funds’ use of AI, report says; 2024 Conference on Artificial Intelligence & Financial Stability; Two AI Truths and a Lie; The Simple Macroeconomics of AI; and The rise of AI at JPMorgan Chase.

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Economy, Education

LLRX May 2024 Issue

Articles and Columns for May 2024

  • Ransomware in the Digital Age: Multidisciplinary Legal Strategies for Minimizing Cryptocurrency Ransom Payments – 2023 witnessed an unprecedented escalation in ransomware attacks, affecting users from homeowners to critical infrastructure like healthcare, education, and government. With over 5,200 reported incidents—a 74% increase from the previous year—ransomware has not only intensified in frequency but also sophistication and financial demands, with total payments exceeding $1 billion. This surge highlights the value of data and the increasing likelihood that victims will pay ransoms, often facilitated by cryptocurrencies like Bitcoin. Cryptocurrencies have played a pervasive role in the rise in ransomware attacks due to their anonymity and ability to facilitate cross-border payments. Jawad Ramal explains how using cryptocurrencies to facilitate ransom payments offers complex challenges due to their high transaction costs and regulatory ambiguities that complicate compliance efforts. The pervasive role of cryptocurrencies in ransomware attacks underscores the necessity for multi-disciplinary legal professions that are capable of utilizing blockchain analytic tools, financial hedging techniques, and general knowledge of the evolving cryptocurrency space. Instituting safe harbor provisions would also ensure that victims do not face the threat of prosecution after making ransom payments.
  • Dissecting The Processes of Law Firm Strategic Planning – We have been informed that 49% of law firm leaders indicate “strategic planning is more important than ever.” Another 20% say it is tremendously important. Law firms have more money at risk than ever before. They have more attorneys in their firms to communicate with. And – they are looking at bigger markets along with a multitude of new ones. Meanwhile, the world is awash in geopolitical risk. Strategic planning brings all this together by evaluating risk and opportunity – the plan itself defines what a law firm will and won’t do. The strategic path brings about the most informed and thoughtful decisions – and with the amount of money at stake – no firm deserves less. Such is the world of law firms and their strategic planning efforts as identified in a survey we just distributed to over 200 large North American law firms. This survey defines where these law firms are in their strategic planning process and where they are headed. Patrick J. McKenna and Michael B. Rynowecer canvassed and received detailed feedback from firm leaders, all from firms of over 100 lawyers in size, on their specific approach to strategic planning and their responses to 16 sequential questions covering everything from who was involved in developing their current strategic plan and how long it took, to how satisfied they were and the one thing they would change with respect to their efforts going into the future.
  • AI in Banking and Finance, May 31, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: Banks could lose $40 billion from fraud with the help of AI, Deloitte predicts; Mastercard’s AI system is helping banks keep fraudsters in check — and it could save millions of dollars; Measuring Development 2024: AI, the Next Generation; Gita Gopinath: Crisis Amplifier? How to Prevent AI from Worsening the Next Economic Downturn; JPMorgan is making a big bet on AI. Here’s how its private bankers are using it; Will banking’s increasing turn toward AI level the playing field or widen the gap between big and small banks?; and Artificial intelligence (AI) act: EU Council gives final green light to the first worldwide rules on AI.
  • Evaluating Generative AI for Legal Research: A Benchmarking Project – It is difficult to test Large-Language Models (LLMs) without back-end access to run evaluations. So to test the abilities of these products, librarians can use prompt engineering to figure out how to get desired results (controlling statutes, key cases, drafts of a memo, etc.). Some models are more successful than others at achieving specific results. However, as these models update and change, evaluations of their efficacy can change as well. Law Librarians and tech experts par excellence, Rebecca Fordon, Sean Harrington and Christine Park plan to propose a typology of legal research tasks based on existing computer and information science scholarship and draft corresponding questions using the typology, with rubrics others can use to score the tools they use.
  • The Federal Reserve Banks’ New Transparency and Accountability PolicyMichael Ravnitzky is an attorney and former journalist who has more than 25 years of experience in using the Freedom of Information Act and state public records laws. On December 21, 2023, the Federal Reserve Banks each announced the adoption of a uniform Transparency and Accountability Policy (TAP). The Banks have begun responding to public records requests under that policy. Following implementation of the new policy, Ravnitzky initiated several records requests directed at individual Fed Banks, utilizing the provisions of the TAP. His extensively documented evaluation of the new process is that TAP is a good start but it has some shortcomings.
  • A Chat With Legal Rebel Richard GranatJerry Lawson had a conversation with Richard Granat, a lawyer, frequent speaker on legal technology, blogger, and consultant. His professional work has earned many awards, including the ABA’s Legal Rebel Award, the ABA’s Louis M. Brown Lifetime Achievement Award, and the ABA’s James I. Keane Memorial Award. He has long been a leader in using technology to improve access to legal services.
  • How to tell if a conspiracy theory is probably false – Conspiracy theories abound. What should you believe − and how can you tell? H. Colleen Sinclair, a social psychologist who studies misleading narratives, identifies seven step you can take to vet a claim you’ve seen or heard.
  • AI in Banking and Finance, May 15, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Four highlights from this post: Artificial Intelligence and the Skill Premium; Rising Cyber Threats Pose Serious Concerns for Financial Stability; The Future Of Banking: Morgan Stanley And The Rise Of AI-Driven Financial Advice; and The Pitfalls of Mixing Up AI and Automation in Finance.
  • What Happens When Your Art is Used to Train AI – A conversation with web cartoonist Dorothy Gambrell on the curdled internet, labor, and how we became just numbers.
  • As climate change amplifies urban flooding, here’s how communities can become ‘sponge cities’ – Dr. Franco Montalto is a water resources engineer who studies and designs strategies for sustainably managing urban stormwater. In response to recent flooding episodes, some U.S. cities are beginning to take steps toward incorporation of sponge city concepts into their stormwater management plans, but most of these projects are still pilots. If this concept is to evolve into the new standard for urban design, city officials and developers will need to find ways to scale up and accelerate this work.
  • If using LinkedIn makes you feel like an imposter at work, here’s how to copeDr. Sebastian Oliver acknowledges when it comes to professional social media, LinkedIn, with its billion-plus members, stands unrivaled. The platform for career updates, networking and job searches has effectively become a requirement in the professional world. It can be a great tool to help you progress in your career. But, as Oliver describes, just like other social media, using LinkedIn can lead to feelings of envy, comparison and self-doubt.
  • Pete Recommends – Weekly highlights on cyber security issues, May 31, 2024Four highlights from this week: The NSA advises you to turn your phone off and back on once a week – here’s why; HHS targets single points of failure in healthcare cybersecurity; Google Researchers Say AI Now Leading Disinformation Vector; and New Tech Locates Cell Phones of Lost Hikers.
  • Pete Recommends – Weekly highlights on cyber security issues, May 18, 2024Four highlights from this week: Librarians Are Waging a Quiet War Against International “Data Cartels”; Why car location tracking needs an overhaul; How to find out if an AirTag is tracking you; and New mailing list aims to share hacking attempts on open-source projects.
  • Pete Recommends – Weekly highlights on cyber security issues, May 11, 2024Four highlights from this week: Bank scammers using genuine push notifications to trick their victims; How VISA is using generative AI to battle account fraud attacks; War Zone Surveillance Technology Is Hitting American Streets; and Negating all VPNs may have been possible since 2002.
  • Pete Recommends – Weekly highlights on cyber security issues, May 4, 2024 – Five highlights from this week: 9 Disturbing Stories From People Who Say They Found Cameras in Their Airbnb; Stop Using Your Face or Thumb to Unlock Your Phone; How Netflix and Other Streaming Services Charge You Forever; Kaiser gave 13.4M people’s data to Microsoft, others; and Huawei has been investing in US research despite being banned.

LLRX.com® – the free web journal on law, technology, knowledge discovery and research for Librarians, Lawyers, Researchers, Academics, and Journalists. Founded in 1996.

Subjects: KM

AI in Finance and Banking – May 31, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Seven highlights from this post: Banks could lose $40 billion from fraud with the help of AI, Deloitte predicts; Mastercard’s AI system is helping banks keep fraudsters in check — and it could save millions of dollars; Measuring Development 2024: AI, the Next Generation; Gita Gopinath: Crisis Amplifier? How to Prevent AI from Worsening the Next Economic Downturn; JPMorgan is making a big bet on AI. Here’s how its private bankers are using it; Will banking’s increasing turn toward AI level the playing field or widen the gap between big and small banks?; and Artificial intelligence (AI) act: EU Council gives final green light to the first worldwide rules on AI.

Subjects: AI in Banking and Finance, Cybercrime, Cybersecurity, Economy, Financial System, Government Resources, Legal Research

AI in Finance and Banking, May 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Four highlights from this post: Artificial Intelligence and the Skill Premium; Rising Cyber Threats Pose Serious Concerns for Financial Stability; The Future Of Banking: Morgan Stanley And The Rise Of AI-Driven Financial Advice; and The Pitfalls of Mixing Up AI and Automation in Finance.

Subjects: AI, AI in Banking and Finance, Congress, Cybersecurity, Economy, Financial System

LLRX April 2024 Issue

Articles and Columns for April 2024 Violence Against Women and International Law, April 2024 Update – Sabrina I. Pacifici’s April update comprises recent news, reporting and social media postings. It also includes a report issued by the UN acknowledging that…”Based on the information it gathered, the mission team found clear and convincing information that sexual …

Subjects: KM

AI in Finance and Banking, April 30, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Four highlights from this post: Banks told to anticipate risks from using AI, machine learning; Banks don’t talk about the energy AI guzzles. Here’s why they should; Chatbot answers are all made up. This new tool helps you figure out which ones to trust; and AI is becoming a big deal for big banks.

Subjects: AI in Banking and Finance, Climate Change, Economy, Energy, Financial System, Legal Research

Violence Against Women and International Law, April 2024 Update

This is the April 2024 update to first installment of the guide Sabrina I. Pacifici published on November 23, 2023. The initial guide had 8 pertinent sources on this topic comprising government reports, academic papers, reviews of UN/NGO programs, news, databases, analysis and commentary. Part 2 of this series, posted December 31, 2023, expanded the original guide with more than a dozen new sources. The February 2024 update to this guide, added new links to over two dozen sources.
This update comprises recent news, reporting, and social media postings. It also includes a report issued by the UN acknowledging, despite months of denial, prevarication and statements to the contrary in official communications as well as action by various representatives of the organization that…”Based on the information it gathered, the mission team found clear and convincing information that sexual violence, including rape, sexualized torture, cruel, inhuman and degrading treatment has been committed against hostages and has reasonable grounds to believe that such violence may be ongoing against those still held in captivity.”

Subjects: Civil Liberties, Criminal Law, International Legal Research, Legal Research

AI in Finance and Banking, April 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers, conferences and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Economics of Artificial Intelligence: Political Economy Challenges; Artificial Intelligence Ethics for the Estate Planner; AI Could Soon Replace Entry-Level Wall Street Analysts; Economics of Artificial Intelligence: Political Economy Challenges; Artificial Intelligence and Machine Learning in Financial Services; and City of London leaders turn to AI bots to fight financial crime.

Subjects: AI in Banking and Finance, Cybercrime, Economy, KM

LLRX March 2024 Issue

Articles and Columns for March 2024 2024 Link Guide to Generative AI Resources – Marcus P. Zillman’s guide is a selective listing of open Generative AI resources that includes current awareness reports, guides, research tools, resources and applications from the open metaverse and Chat GPT. These references include AI best practices to facilitate implementing AI …

Subjects: AI, Civil Liberties, Cybersecurity, KM, Legal Research

AI in Banking and Finance, March 31, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: 55% of Business Leaders Concerned About the Safety of Future Bank Deposits: Report; Generative AI Is Coming for Your Bank. Maybe; How AI Could Rebuild America’s Middle Class; Market Power in Artificial Intelligence; Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector; and Impact of AI Adoption on Economic Dynamics through Habit Formation: Decision Making and Asset Pricing.

Subjects: AI in Banking and Finance, Big Data, Cybercrime, Cybersecurity, Government Resources