An article at Out-Law explains how Barclays will be providing customers beginning next year with a hand-held car reader device allowing them to generate a one-time password.
As Out-Law explains the move follows an Apacs recommendation for more security measures:
"In view of the growing incidence of Trojans and phishing attacks directed at internet users, banks are recommended to move towards stronger authentication for their online banking customers,"
I recommend reading the article that provides very interesting information on how Barclays handles online fraud with regards to its customers :
Asked if the bank refunds victims of phishing attacks who revealed their security details to a fraudster, Holloway indicated that the professionalism of a particular attack will be relevant and each instance would be judged on a "case by case" basis. Barclays does not disclose how many of its customers have suffered such attacks.
And if you don't know the site Out-Law it's well worth subscribing to !
I question the reliability and accuracy of Generative AI (GenAI) in enterprise scenarios, particularly when faced with adversarial questions, highlighting that current Large Language Models (LLMs) may be data-rich but lack in reasoning and causality. I would call for a more balanced approach to AI adoption in cases of assisting users, requiring supervision, and the need for better LLM models that can be trusted, learn, and reason.
I discuss my experience with chatbots, contrasting older rules-based systems with newer GenAI (General Artificial Intelligence) chatbots. We cannot dismiss the creative capabilities of GenAI-based chatbots, but these systems lack reliability, especially in customer-facing applications, and improvements in the way AI is structured could lead to a "software renaissance," potentially reducing society's technical debt.
The article discusses the contrasting debate on how AI safety is and should be managed, its impact on technical debt, and its societal implications.
It notes the Center for AI Safety's call for a worldwide focus on the risks of AI, and Meredith Whittaker's criticism that such warnings preserve the status quo, strengthening tech giants' dominance. The piece also highlights AI's potential to decrease societal and technical debt by making software production cheaper, simpler, and resulting in far more innovation. It provides examples of cost-effective open-source models that perform well and emphasizes the rapid pace of AI innovation. Last, the article emphasises the need for adaptive legislation to match the pace of AI innovation, empowering suitable government entities for oversight, defining appropriate scopes for legislation and regulation, addressing ethical issues and biases in AI, and promoting public engagement in AI regulatory decisions.
Japan has made its ruling on the situation between Content creators and Businesses. Japanese companies that use AI have the freedom to use content for training purposes without the burden of copyright laws. This news about the copyright laws in Japan reported over at Technomancers is seen as Businesses: 1 / Content Creators: 0 The […]