Is
this the future of all government documents? If so, I have a few
concerns…
https://www.reuters.com/technology/california-dmv-puts-42-million-car-titles-blockchain-fight-fraud-2024-07-30/
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?
https://pogowasright.org/attorney-general-ken-paxton-secures-1-4-billion-settlement-with-meta-over-its-unauthorized-capture-of-personal-biomet/
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.
https://www.lawnext.com/2024/07/in-first-ethics-ruling-on-gen-ai-aba-says-lawyers-must-have-reasonable-understanding-of-the-technology-but-need-not-become-experts.html
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.