The UK's Financial Conduct Authority (FCA) recently determined that, between October 2018 and August 2020, the challenger bank lacked sufficient "anti-financial crime systems and controls" for signing up new customers, assessing any risks they posed and identifying fraudulent transactions.
The survey found 83% of IT and engineering professionals admitted to actively bypassing security controls in order to get their work done. This highlights a significant disconnect between security protocols and operational needs.
The incident's fallout has generated conversations about business ethics, corporate accountability, and the repercussions that conflicts of interest among leadership can cause. But there are also broader implications at play in our increasingly online world.
The risks are practically endless. Enterprises are investing billions in generative AI initiatives while ignoring doubts about future legal exposures. Major model makers provide no visibility into their training data.
Delta's current and planned individualized pricing practices not only present data privacy concerns, but will also likely mean fare price increases up to each individual consumer's personal 'pain point' at a time when American families are already struggling with rising costs.
Chenguang Gong, a former engineer, pleaded guilty to stealing over 3,600 trade secrets to assist China, involving sensitive defense technology files. His actions occurred during his brief employment.
Pew reports that searches without an AI answer resulted in a click rate of 15 percent. On SERPs with AI Overviews, the rate of clicks to other sites drops by almost half, to 8 percent.
A tech industry group, NetChoice, plans to continue legal challenges against a Mississippi law requiring age verification for social media users, arguing it infringes on user privacy rights.