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FinCEN alert on fraud schemes involving deepfake media
Alert is part of Treasury’s broader effort to provide information on opportunities and challenges of AI.
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NYDFS publishes industry letter on cybersecurity risk arising from AI
The guidance does not impose new requirements, it helps DFS-regulated institutions meet their existing obligations in light of evolving risks from AI.
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California’s AI Safety and Innovation Bill awaits Newsom’s signature
The stated purpose of SB 1047 is to codify safety testing that companies already agreed to with President Biden.
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Deepfakes and deception: The global rise of AI and the risks it poses
Widespread enhancements in AI, and growing sophistication of open source AI tools, are increasingly being used by fraudsters for illicit purposes.
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FCC proposes $6m fine for making deepfake robocalls using Biden’s voice during US election
President Biden’s cloned voice told people not to vote in the New Hampshire 2024 presidential primary election in January.
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FINRA Annual 2024: Industry execs take on Gen AI, Reg BI, WFH and more
At the FINRA annual conference, industry executives talked about how SEC and FINRA rules work in practice.
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Warning over ‘acute digital ID and security crisis’ in financial services
Reliance on biometric data is opening a new front in the battle for secure transaction services.
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Explicit deepfake image creation and distribution to be offence in UK
The legislation builds on the Online Safety Act and will be part of a wider program to protect women.