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Generative AI Could Make Banks’ ‘Know Your Customer’ Effectively Useless

Know Your Customer or KYC is a mandate of federal law for the financial services community such a banks, brokers and fintech. Often companies use “ID images” to confirm a person is who they say they are. Even some cryptocurrency platforms rely on this. Viral posts on Reddit and other social media show how, using […]

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Security News for the Week Ending December 29, 2023

AI and the End of Privacy A couple of Stanford grad students have written an AI app that using a very small dataset (400,000 images) can detect your location. PIGEON, as the project is called, can predict the country of the image with 92 percent accuracy and provide location within 25 kilometers in 40 percent […]

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Security News for the Week Ending December 22, 2023

Low Code/No Code Apps Not A Security Nirvana Just because the computer is generating much of the code does not mean the software doesn’t have bugs or is secure. In fact, since many times non-developers are using the tools, the code may be less secure. Details at The Hacker News As If Twitter Doesn’t Have […]

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Last Month it was Fidelity; Now it is First American

Two of the largest real estate title insurance companies in the United States seem to be having a problem keeping their customers’ data secure. Last month Fidelity Title took its systems offline for a week or two as they wrestled with a cyberattack that delayed real estate closings and forced lenders to resort to manual […]

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Security News for the Week Ending December 15, 2023

Joe Sullivan, Convicted Former Uber CISO, Speaks Out Sullivan spoke at Black Hat Europe. Unfortunately, he did not say much directly about the case because he is appealing it, but he did have some interesting thoughts about where CISOs are headed and what you should or should not do. I didn’t know this but he […]

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