Tag Archives: watchdog

The Financial Conduct Authority (FCA), the United Kingdom’s chief financial watchdog, has issued a warning about the increased risk of fraud associated with the growing adoption of Artificial Intelligence, or AI, in financial services.

While AI can provide endless benefits, such as cutting prices for consumers and streamlining operations, it may also pose significant threats to market integrity and consumer protection if not properly managed.

The watchdog has already observed how volatility during a trading day has doubled and amplified compared to during the 2008 global financial crisis.

“This surge in intraday short-term trading across markets and asset classes suggests investors are increasingly turning to highly automated strategies,” the watchdog says.

The…

MarTech industry experts have given their support to calls for a new global AI watchdog. The call to action comes as UN Secretary-General Antonio Guterres gave his backing to a proposal by leading artificial intelligence executives for the creation of an international AI watchdog body like the International Atomic Energy Agency (IAEA).

Generative AI technology that can spin authoritative prose from text prompts has captivated the public since ChatGPT launched six months ago and became the fastest growing app of all time. AI has also become a focus of concern over its ability to create deepfake pictures and other misinformation.

“Alarm bells over the latest form of artificial intelligence – generative AI – are deafening. And they are loudest from the developers who designed it,”…

ANKARA 

The Supreme Election Board (YSK) watchdog has stated that unfounded claims shared on social media regarding the election objections should not be trusted.

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“Objections to YSK will be discussed and finalized within the legal time limit,” Ahmet Yener, president of the YSK said.

He said that all stages of the election are carried out with the participation of representatives of political parties in accordance with the laws numbered 298, 6271, and 2839.

“Throughout this process, the finalization of voter lists has been shared with our political parties via SIPPORT at all stages,” he added.

The ballot box committees consist of seven people, including a public official as the chairman, a public official as a member, and five members…

The National Cyber Directorate is proposing setting up a safety standard for providers of website hosting services, to let businesses that use their servers know how secure their data will be and choose accordingly.

Web hosting service providers allocate space on their servers for websites to store their files, so they can be available for online viewing. All websites are hosted on a server.

The idea to rank the providers stems from an incident last May in which thousands of Israeli websites were defaced at the same time, showing anti-Israel messages. When the directorate investigated the matter, it found that the hackers managed to inflict their damage by penetrating just one website hosting provider.

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