Category «Big Data»

AI In Finance and Banking – July 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, papers by economists, NGO/IGOs, speeches, and industry white papers 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: We need bold minds to challenge AI, not lazy prompt writers, bank CIO says; Managing AI in banking: are we ready to cooperate?; The gen AI gender gap; Will User-Contributed AI Training Data Eat Its Own Tail?; Demand for Artificial Intelligence in Settlement Negotiations; and Artificial intelligence – a central bank’s view.

Subjects: AI, AI in Banking and Finance, Big Data, Economy, Financial System, Legal Research

Here’s how machine learning can violate your privacy

Jordan Awan, Assistant Professor of Statistics, Purdue University explains how machine learning has pushed the boundaries in several fields, including personalized medicine, self-driving cars and customized advertisements. Research has shown, however, that these systems memorize aspects of the data they were trained with in order to learn patterns, which raises concerns for privacy.

Subjects: AI, Big Data, Privacy

FTC Cracks Down on Telehealth Addiction Service, Monument, for Sharing Health Data

Katie Palmer reports on the April 11, 2024 Federal Trade Commission action against alcohol addiction telehealth company Monument, affirming its promise to crack down on digital health companies’ misuse of personal health data.

Subjects: Big Data, Government Resources, Healthcare, Legal Research, Privacy

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

Pete Recommends – Weekly highlights on cyber security issues, March 23, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Eight highlights from this week: How to Figure Out What Your Car Knows About You; The Feds Can Film Your Front Porch for 68 Days Without a Warrant, Says Court; X Continues to Break as Fraudsters Use Deceptive Links to Scam; FDA and You; Artificial Intelligence and Medical Products: How CBER, CDER, CDRH, and OCP are Working Together; DOJ sues Apple in antitrust case, says it has illegal monopoly over smartphones; Data brokers admit they’re selling information on precise location, kids, and reproductive healthcare; X Continues to Break as Fraudsters Use Deceptive Links to Scam You; and Why you should stop using SMS.

Subjects: AI, Big Data, Business Research, Cybercrime, Cybersecurity, Financial System, Government Resources, Healthcare, Medical Research, Privacy, Social Media

What Happens to Your Sensitive Data When a Data Broker Goes Bankrupt?

In 2021, a company specializing in collecting and selling location data called Near bragged that it was “The World’s Largest Dataset of People’s Behavior in the Real-World,” with data representing “1.6B people across 44 countries.” Last year the company went public with a valuation of $1 billion (via a SPAC). Seven months later it filed for bankruptcy and has agreed to sell the company. Jon Keegan highlights the ramifications to the public.

Subjects: Big Data, Business Research, Competitive Intelligence, Healthcare, Information Management, Privacy

Pete Recommends – Weekly highlights on cyber security issues, February 24, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: As AI Looms Large, FTC Says Big Tech Can’t Feed it Your Data Without Your Permission; Protect Yourself from Identity Thieves; Survey Finds Workers are Putting Businesses at Risk by Oversharing with GenAI Tools; and Meet the shady companies helping governments hack citizens’ phones.

Subjects: AI, Big Data, Cybersecurity, Economy, Financial System, Government Resources, Healthcare, KM, Legal Research, Privacy, Social Media

DOJ funding pipeline subsidizes questionable big data surveillance technologies

Professor Andrew Guthrie Ferguson discusses how predictive policing has been shown to be an ineffective and biased policing tool. Yet, the Department of Justice has been funding the crime surveillance and analysis technology for years and continues to do so despite criticism from researchers, privacy advocates and members of Congress. Guthrie’s research reveals an entire ecosystem of how technology companies, police departments and academics benefit from the flow of federal dollars for these surveillance technologies.

Subjects: Big Data, Civil Liberties, Criminal Law, Legal Research, Privacy, Spyware