The Treasury Department is sounding the alarm on cybersecurity risks posed by the growing use of artificial intelligence (AI) within the financial services sector. A new report Wednesday (March 27) highlights potential dangers and calls for urgent collaboration between government and industry to safeguard financial stability. The...
Data breaches can have far-reaching impacts on operations, finances and reputations. And the impact and frequency of data breaches are only increasing as bad actors seek out new vulnerabilities in organizational infrastructures, exploiting weaknesses to gain unauthorized access to sensitive data. Just look at the...
Advances in technology have a track record of productively transforming society. Many technological innovations, from the sewing machine to the automobile and the elevator, have flourished under industry standard-setting and governmental oversight designed with ethical guidelines, transparency and responsible deployment in mind. Frequently, however, these...
Editor’s note: This story has been updated: Amazon and Mastercard are among dozens of members of a new government artificial intelligence (AI) safety initiative. The tech giant and the payments company announced Thursday (Feb. 8) that they are part of the newly formed U.S. Artificial...
August 10, 2017
Fraud is constantly evolving, so why shouldn’t digital identity protection? The National Institute of Standards and Technology recently updated its Digital Identity Guidelines, to include authentication — and the scope goes well beyond passwords. PYMNTS’ Karen Webster checks in with Sunil Madhu, chief executive officer of Socure, and Paul Grassi, Senior Standards and Technology Advisor, Trusted Identities Group at the National Institute of Standards and Technology, to get a sense of what’s outdated and what works.
February 08, 2024
Editor’s note: This story has been updated: Amazon and Mastercard are among dozens of members of a new government artificial intelligence (AI) safety initiative. The tech giant and the payments company announced Thursday (Feb. 8) that they are part of the newly formed U.S. Artificial Intelligence Safety Institute Consortium (AISIC). The consortium, created by the National […]
November 03, 2023
President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks. Two...
June 13, 2023
Major players in the burgeoning generative AI sector, Google and OpenAI, have markedly different views about regulatory oversight of the world-changing technology. In widely published reports, Google is diverging from OpenAI and...
August 09, 2017
Your clever password, dotted with capital letters, numbers and symbols isn’t so clever after all. The man who wrote the book on crafting uncrackable passwords now tells the Wall Street...
