Category «Economy»

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

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

Pete Recommends – Weekly highlights on cyber security issues, April 20, 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: 1st-of-its-kind law protects ‘neural data’; Chinese Mafias’ New US Goldmine: Gift Cards; Fair Digital Finance Framework; and The invisible seafaring industry that keeps the internet afloat.

Subjects: AI, Criminal Law, Cybercrime, Cybersecurity, Economy, Financial System, Government Resources, Healthcare, Legal Research, Legislative, Privacy, United States Law

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

Pete Recommends – Weekly highlights on cyber security issues, April 6, 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: Cyber Safety Review Board: Microsoft security culture; DA says he shut down 21 sites stealing millions through crypto scams ‘inadequate’; CISA Publishes New Webpage Dedicated to Providing Resources for High-Risk Communities; and Does wiretap law apply to cookies on hospital websites?

Subjects: AI, Cryptocurrencies, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Healthcare, Legal Research, Privacy, Social Media, Spyware, Viruses & Hoaxes

What We Know About You: Welcome to the Surveillance State

Kevin Novak begins his article with a reference to a report in The Wall Street Journal that caught his attention. Commercial data brokers are selling their third-party data to the government. If you’re an optimist, you would think this could be a good thing. Our intelligence agencies and the defense department may be able to identify patterns that could predict and prevent an unfortunate event – terrorism, for example. But honestly, how would you feel if all the conversations in your house that Siri and Alexa are silently listening in on are sold in the aggregate to the government…or something else?

Subjects: Civil Liberties, Computer Security, Congress, Cybercrime, Cyberlaw Legislation, Cybersecurity, Data Mining, Economy, Gadgets/Gizmos, Legal Research, Social Media

Pete Recommends – Weekly highlights on cyber security issues, March 16, 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. Five highlights from this week: Airbnb Bans All Indoor Security Cameras; How Fraudsters Break Into Social Security Accounts and Steal Benefits; 10 free cybersecurity guides you might have missed; Who Is Collecting Data from Your Car?; and Driving fast or braking hard? Your connected car may be telling your insurance company.

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Government Resources, Healthcare, Privacy, Securities Law

Pete Recommends – Weekly highlights on cyber security issues, March 2, 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. Five highlights from this week: A Vending Machine Error Revealed Secret Face Recognition Tech; The Impact of Technology on the Workplace: 2024 Report; A government watchdog hacked a US federal agency to stress-test its cloud security; Using AI to fight fraud is paying off, Treasury says; and These Video Doorbells Have Terrible Security. Amazon Sells Them Anyway.

Subjects: AI, Cybercrime, Cybersecurity, Economy, Email Security, Financial System, Healthcare, Privacy

AI in Banking and Finance February 29, 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: How businesses are actually using generative AI; The Age of Uncertainty—and Opportunity: Work in the Age of AI; Financial Stability Board To Focus on Asset Tokenization and AI, Chair Says; and Bankers Will See AI Transform Three-Quarters of Day, Study Says.

Subjects: AI in Banking and Finance, Blockchain, Cryptocurrency, Economy, Financial System, Legal Research

Scam Baiting: An Innovative Approach to Combating Online Fraud

The thesis of Kyra Strick’s instructive paper promotes a proactive approach to a rapidly increasing online security crisis. Strick states that in the dynamic landscape of cybersecurity, scam baiting has emerged as a captivating and unconventional approach to combating online fraud. Scam baiting is the practice of engaging with scammers to expose their tactics and disrupt their operations. It serves as an offensive and a defensive measure, safeguarding individuals from falling prey to scams, promoting data protection education, and empowering individuals to protect their digital security.

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, KM, Legal Research, Social Media