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Facebook transparency report signals need for privacy guidelines

Facebook released its latest Global Government Requests Report covering the second half of 2016. The report shows that over first half 2016 requests for account data increased by nine percent. Half of the data requests are from law enforcement in the U.S. containing a non-disclosure order that prohibited Facebook from notifying the user on request.

Source: Facebook transparency report signals need for privacy guidelines

New European Union Financial Rules to Give U.S. Consumers Protection as Well

Thanks to new set of regulations in the European Union, customers of U.S. financial institutions – banks, credit-card companies and insurance companies – soon will enjoy better protection of their personal data.

The General Data Protection Regulation (“GDPR”) will force companies to be more transparent about the type of data they collect on individuals, how that data is used and when personal information is exposed in a breach.

GDPR takes effect in May 2018 and will apply to all companies that process data on EU citizens, even if they are located outside EU. It is also expected that large multinational companies, including financial institutions, operating in multiple jurisdictions will adopt single set of rules throughout their operations, rather than try to enforce multiple sets of rules across locations.

Source: New European Union Financial Rules to Give U.S. Consumers Protection as Well

Beyond concerns about AI, consumers see usefulness — particularly in cybersecurity, privacy

Almost two-thirds of American consumers welcome advances in artificial intelligence and machine learning, and cybersecurity is among the areas where assistance from AI has the most appeal, according to a new survey.

Sixty-three percent of consumers agree AI will “help solve complex problems that plague modern societies,” according to the survey, published Tuesday by the accounting and consulting firm PwC. When respondents were asked about different kinds of issues that AI might help with, 68 percent highlighted cybersecurity and privacy, while 66 percent chose its importance in helping to solve cancer and other diseases and 71 percent agreed AI could provide educational help to disadvantaged schoolchildren.

Source: Beyond concerns about AI, consumers see usefulness — particularly in cybersecurity, privacy

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