“We are seeing the financial services sector test face recognition as a part of multi-factor authentication for ATM withdrawals, mobile banking enrollment and mobile account access and transactions,” said Moore. “By implementing face recognition as the key step in multi-factor authentication, banks are able to mitigate their exposure to risk and fraud, saving themselves millions…
Tag: facial recognition
Artificial Intelligence (AI) Stats News: AI Is Actively Watching You In 75 Countries
At least 75 out of 176 countries globally are actively using AI technologies for surveillance purposes less than 1% of organizations had language stating which types of third parties could access user data; only 2% of organizations had explicit language about data retention; only 32% of organizations had “readable” statements based on OTA standards companies…
AMAZON SAYS IT CAN DETECT FEAR ON YOUR FACE. YOU SCARED?
“Amazon announced a breakthrough from its AI experts Monday: Their algorithms can now read fear on your face, at a cost of $0.001 per image—or less if you process more than 1 million images. Google does not offer facial recognition, a decision it says resulted from an internal ethical review raising concerns that the technology…
China using artificial intelligence to build economy, monitor population
“President Xi Jinping wants China to be the world’s AI leader by 2030.” https://www.nbcnews.com/nightly-news/video/china-using-artificial-intelligence-to-build-economy-monitor-population-63759941873
55% of Americans approve the use of facial recognition for public safety, but the technology raises privacy concerns
“In the US, the government is planning to deploy face recognition at 20 airports by 2021. In June 2018, the suspect in the shooting at a local newspaper in Annapolis, Maryland, was identified using facial recognition technology. 55% of Americans indeed approve the use of facial recognition for public safety. Last year, the police of…