For years, activists in the privacy and security communities have warned that biometric data, including photo IDs, fingerprints, and other information, could be hacked by bad actors. This past week, these fears were confirmed as the U.S. Customs and Border Protection agency announced that hackers had gained access to a database containing traveler photo IDs and license plate images that’s managed by subcontractor Perceptics. In recent years, CPB has asked foreign travelers for facial recognition data, fingerprints, and other biometric information, so it’s possible that such information may also be at risk of being obtained by hackers. … [Read more...] about Due to weak oversight, we don’t really know how tech companies are using facial recognition data
Global building contract
With offices around the globe, Magnet Forensics is also an ICE vendor, and contracts with other agencies like the U.S. Customs & Border Protection (CPB), FBI, and the Inspector General’s office. Since 2018, the company has had five different contracts with ICE, totaling over $1.4 million. Magnet Forensics most recent contract with ICE was awarded on September 20th for $999,401—an IT software license to be used by HSI. … [Read more...] about Despite the controversy, plenty of smaller tech startups work with ICE
Crude prices settled last week with a modest gain as markets cherished the prospects for an increase in global demand in the wake easing tensions between US and China, and the United States' Senate approval for NAFTA this week. The hopes for accelerating demand growth is the main trigger for the prices to remain on the positive end as it has a number one influence on oil, brokerage firm Motilal Oswal said in its weekly report. … [Read more...] about Crude oil futures rises 0.77% on Libyan oil disruption
Letting machine bias in? However, as artificial intelligence experts have cautioned, systems that aim to reduce bias through AI could be complicated by AI itself. Automated systems will only be as good as the underlying data, says Rashida Richardson, director of policy research at AI Now Institute, a think tank at New York University that studies machine bias and algorithmic accountability. And since admissions are embedded with many subjective judgments, Richardson believes attempting to automate it can result in “embedding and possibly concealing these subjective decisions,” quietly replicating the problems that these systems purport to address. … [Read more...] about Schools are using software to help pick who gets in. What could go wrong?
There had also been strong FII addition to index future shorts, highlighting a negative bias. However, with the trading range continuing to be 12,000 to 12,500, as indicated by option accumulation last week as well, the short spikes in IVs may have been used by option sellers to build positions, with only just about a week to expire. … [Read more...] about ‘Present Options setup favours selling strangles till 12,000-12,500 range is broken’