Speed Read

AI Talent Role, Releasing Code, Deadline Extension Among Additions in OMB Memo (FedScoop, Mar 29, 2024)
Under the policy, CAIOs can determine that an AI application presumed to be safety- or rights-impacting — which includes a wide array of uses such as election security and conducting biometric identification — doesn’t match the memo’s definitions for what should be considered safety- or rights-impacting. CAIOs may also waive certain requirements for those uses. While the draft stipulated that agencies should report lists of rights- and safety-impacting uses to OMB, the final memo instead requires the annual validation of those determinations and waivers and public summaries.

AI Fraud May Be Too Much for Some Financial Companies, Warns Treasury Dept (Biometric Update, Mar 29, 2024)
The 2024 Digital Banking Fraud Trends in EMEA report, compiled by behavioral biometrics company Biocatch shows that social engineering scams, especially voice scams, are the main focus across Europe. The trend is fueled by changes in regulations and the tightening of digital security among banks. In the UK, banks have hit back against voice scams with the company’s data showing a 25 percent drop in this type of fraud in 2023. Criminals, however, are moving over to new versions of Account Takeover (ATO) fraud which grew by 13 percent last year.

Quebec's DPA Responds to Privacy Concerns About Auto Insurers' Facial Recognition Project (International Association of Privacy Professionals, Mar 29, 2024)
Quebec's data protection authority, the Commission d’accès à l’information du Québec, addressed concerns regarding the Quebec Automobile Insurance Company, the Société de l'assurance automobile du Québec, and its facial recognition program. The CAI said the project must remain compliant with biometric privacy safeguards to ensure citizens' rights are protected and sensitive information is secure.

How Machine Learning is Revolutionizing Image Recognition (TechBullion, Mar 29, 2024)
Another crucial use case of machine learning in image recognition is facial detection and recognition. This technology uses deep neural networks to analyze facial features, including distance between eyes, shape of the jawline, and unique characteristics like moles or scars. By analyzing these features from thousands of faces, machines can accurately recognize individuals with remarkable precision. This technology has found its application not only in smartphone unlocking but also in security systems at airports and border control for identity verification. Facial recognition technology has also been used for sentiment analysis in marketing by reading micro-expressions to gauge emotional reactions towards products or services.

Amazon is Making it Easier to Sign Up for its Palm-Scanning Shopping (Tech Radar, Mar 29, 2024)
Amazon says the new app is backed up by some powerful new generative AI capabilities that combine the phone's camera image with Amazon One's own library. This means that a camera phone photo can be matched with the near-infrared imagery from an Amazon One device, allowing for a secure and accurate match. The service is able to create a "palm signature" by examining both a user's palm and its underlying vein structure, building a unique numerical, vector representation that the company says is "99.9999%" accurate.


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