Is this the future of all government documents? If so, I have a few concerns…
California DMV puts 42 million car titles on blockchain to fight fraud
California's Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain technology in a bid to detect fraud and smoothen the title transfer process, the agency's technology partners exclusively told Reuters on Tuesday.
The project, in collaboration with tech company Oxhead Alpha on Avalanche blockchain, will allow California's more than 39 million residents to claim their vehicle titles through a mobile app, the first such move in the United States.
The value of good security keeps going up!
https://therecord.media/ibm-breach-report-cost-rise-to-5-million
IBM: Cost of a breach reaches nearly $5 million, with healthcare being hit the hardest
Businesses that fall victim to a data breach can expect a financial hit of nearly $5 million on average — a 10% increase compared to last year — according to IBM’s annual report on cybersecurity incidents.
The tech giant worked with the Ponemon Institute to study 604 organizations affected by data breaches between March 2023 and February 2024. The breaches — affecting 17 industries across 16 countries and regions — ranged from 2,100 to 113,000 individuals records leaked. The researchers also interviewed 3,556 security and C-suite business leaders with firsthand knowledge of the data breach incidents at their organizations.
What stood out most to IBM was the jump in the global average cost of a data breach, which reached $4.88 million and was the biggest jump since the pandemic. In 2023 the cost was $4.45 million.
Think this could kick off a ‘largest settlement’ competition?
Attorney General Ken Paxton Secures $1.4 Billion Settlement with Meta Over Its Unauthorized Capture of Personal Biometric Data In Largest Settlement Ever Obtained From An Action Brought By A Single State
Texas Attorney General Ken Paxton issued the following press release today:
Texas Attorney General Ken Paxton has secured a $1.4 billion settlement with Meta (formerly known as Facebook) to stop the company’s practice of capturing and using the personal biometric data of millions of Texans without the authorization required by law.
This settlement is the largest ever obtained from an action brought by a single State. Further, this is the largest privacy settlement an Attorney General has ever obtained, dwarfing the $390 million settlement a group of 40 states obtained in late 2022 from Google. This is the first lawsuit brought and first settlement obtained under Texas’s “Capture or Use of Biometric Identifier” Act and serves as a warning to any companies engaged in practices that violate Texans’ privacy rights.
Reasonable.
In First Ethics Ruling on Gen AI, ABA Says Lawyers Must Have Reasonable Understanding of the Technology, But Need Not Become Experts
In its first major pronouncement on the ethics of using generative AI in law practice, the American Bar Association has issued an opinion saying that lawyers need not become experts in the technology, but must have a reasonable understanding of the capabilities and limitations of the specific generative AI technology the lawyer might use.
In Formal Opinion 512, issued yesterday, the ABA’s Standing Committee on Ethics and Professional Responsibility sought to identify some of the ethics issues lawyers face when using generative AI tools and offer guidance for lawyers in navigating this emerging landscape.
Acknowledging that the rapid development of gen AI makes it a fast-moving target, the committee said, “It is anticipated that this Committee and state and local bar association ethics committees will likely offer updated guidance on professional conduct issues relevant to specific GAI tools as they develop.”
The opinion offers no earth-shattering insights.
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