Perspective.
https://www.databreaches.net/cyberattack-cost-uvm-medical-center-1-5-million-a-day/
Cyberattack cost UVM Medical Center $1.5 million a day
Kate Jickling reports:
The October cyberattack cost the University of Vermont Medical Center $1.5 million a day in increased expenses and lost revenue, hospital president Stephen Leffler said Tuesday.
That “back of the envelope” calculation doesn’t include the cost of getting the system back up and running, he told reporters.
Forty-two days have elapsed since the attack occurred on Oct. 28. The total cost, including lost revenue and expenses, could exceed $63 million.
Read more on VTDigger.
You just know that some threat actors will use that report and those figures to tell future victims that that’s why they should pay the ransom demand (assuming it’s less than $63 million…)
Don’t duck your cookies in my milk!
France fines Google $120M and Amazon $42M for dropping tracking cookies without consent
France’s data protection agency, the CNIL, has slapped Google and Amazon with fines for dropping tracking cookies without consent.
Google has been hit with a total of €100 million ($120M) for dropping cookies on Google.fr and Amazon €35M (~42M) for doing so on the Amazon.fr domain under the penalty notices issued today.
An approach...
https://thenextweb.com/neural/2020/12/09/why-ibms-ai-fact-sheets-should-be-the-industry-standard/
Why IBM’s AI Fact Sheets should be the industry standard
Every once in awhile an idea comes along that’s so good it makes you wonder why it took so long for someone to think of it. IBM’s AI Fact Sheets is one of those ideas.
AI Fact Sheets are a lot like packaged food nutrition labels, They contain information about an AI model’s development, capabilities, benchmark performance, and more.
Big Blue today announced its plans to “commercialize key automated documentation capabilities from IBM Research’s AI Factsheets methodology into Watson Studio in Cloud Pak for Data throughout 2021.”
In other words: businesses and developers using Watson Studio in Cloud Pak for Data will soon have access to an automated AI Fact Sheets tool to create transparency and info reports. The tool would generate most, if not all, of the AI Fact Sheet’s information automatically.
… While it’s a bit more complex than we can get into in this article (research paper here ), the bottom line is that anything that standardizes transparency in machine learning models is a good thing.
I read this as a model to prepare for change (not just new privacy laws). After all, change is the only constant.
6 Engineering Principles to Prepare You for Any Privacy Regulation
Despite the recent wave of new regulations and shifting consumer expectations, it’s still common for businesses to treat privacy as a bolt-on to appease a collection of ever-changing compliance checklists. However, as CPOs and their teams await the next installation of regulation from governments around the world, it’s already clear that most regulators are interested in far more than ensuring consent and transparency.
They’re looking at the results of abusive or exploitative data practices such as discrimination, deception, and inequality. And although a lot has been written about the anxiety and uncertainty inside even well-intentioned companies attempting to comply with a seemingly moving target, there isn’t enough discussion about the engineering practices CPOs can champion to minimize thrashing for their teams as new protections become law.
A bakers dozen AI articles.
https://www.jdsupra.com/legalnews/the-year-in-artificial-intelligence-68190/
The Year in Artificial Intelligence — 2020 Popular Reads on JD Supra
Written by humans, read by humans, and curated by humans: here's a look at some of the most well-read artificial intelligence posts published on JD Supra during 2020:
And so one long awaited drama begins.
https://www.makeuseof.com/facebook-forced-to-sell-instagram-whatsapp/
Facebook May Be Forced to Sell Instagram and WhatsApp
… The FTC announced that it is suing Facebook in a press release on the official FTC site. 47 state attorneys general are also suing the social media giant.
… In the court documents on the FTC's website, the FTC points out the alleged anticompetitive behavior that motivated Facebook to buy Instagram, saying:
Mr. Zuckerberg recognized that by acquiring and controlling Instagram, Facebook would not only squelch the direct threat that Instagram posed, but also significantly hinder another firm from using photo-sharing on mobile phones to gain popularity as a provider of personal social networking.
… Facebook quickly responded to the lawsuits in a post on the About Facebook blog. Jennifer Newstead, the general counsel at Facebook, denounced the lawsuits, saying that they are "revisionist history."
… She also notes that both purchases were, in fact, reviewed by antitrust regulators and were approved. Newstead goes on to criticize the FTC for wanting a "do-over" on its initial approval, and that the lawsuit "risks sowing doubt and uncertainty about the US government's own merger review process."
(Related)
Facebook hit with antitrust probe for tying Oculus use to Facebook accounts
Facebook’s bad week just got worse: It’s being investigated in Germany for linking usage of its VR product, Oculus, to having a Facebook account.
The tech giant raised the hackles of the VR community this summer when it announced it would be merging users of the latest Oculus kit onto a single Facebook account — and would end support for existing Oculus account users by 2023.
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