ReportWire

Tag: information management

  • Snowflake Shares Gain on Strong Earnings

    Snowflake Shares Gain on Strong Earnings

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    Snowflake shares were gaining ground Wednesday after the cloud data warehouse software company posted better-than-expected results for the quarter ended Oct. 31.

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  • X, formerly known as Twitter, may collect your biometric data and job history | CNN Business

    X, formerly known as Twitter, may collect your biometric data and job history | CNN Business

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    CNN
     — 

    X, the social media platform formerly known as Twitter, said this week it may collect biometric and employment information from its users — expanding the range of personal information that account-holders may be exposing to the site.

    The disclosures came in an update to the company’s privacy policy, which added two sections related to the new data collection practice.

    “Based on your consent, we may collect and use your biometric information for safety, security, and identification purposes,” the policy read.

    In addition, under a new section labeled “job applications,” X said it may collect users’ employment and educational history.

    The company also said it could collect “employment preferences, skills and abilities, job search activity and engagement, and so on” in order to suggest potential job openings to users, to share that information with prospective third-party employers or to further target users with advertising.

    For X Premium users, the company will give an option to provide a government ID and a selfie image for verification purposes. The company may extract biometric data from both the government ID and the selfie image for matching purposes, the company told CNN in a statement.

    “This will additionally helps us tie, for those that choose, an account to a real person by processing their Government issued ID,” according to the company. “This will also help X fight impersonation attempts and make the platform more secure.”

    The changes mirror what many of X’s peers already routinely collect. But it represents an expansion of the types of information Twitter is interested in tracking. The policy adjustment arrives as owner Elon Musk seeks to turn the platform into an “everything app” that could include financial services and other features similar to the popular Chinese app WeChat.

    The change also happens as some regulatory initiatives around the world begin to require that social media companies verify their users’ ages. Many age-assurance services require that users upload copies of their government-issued identification or selfies that are then analyzed by artificial intelligence.

    On Thursday, however, a federal judge temporarily blocked an Arkansas law mandating age verification for social media platforms, just hours before it was due to take effect.

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  • US watchdog teases crackdown on data brokers that sell Americans’ personal information | CNN Business

    US watchdog teases crackdown on data brokers that sell Americans’ personal information | CNN Business

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    Washington
    CNN
     — 

    The US government plans to rein in the vast data broker industry with new, privacy-focused regulations that aim to safeguard millions of Americans’ personal information from data breaches, violent criminals and even artificial intelligence chatbots.

    The coming proposal by the Consumer Financial Protection Bureau would extend existing regulations that govern credit reports, arrest records and other data to what the agency describes as the “surveillance industry,” or the sprawling economy of businesses that traffic in increasingly digitized personal information.

    The potential rules, which are not yet public or final, could bar data brokers from selling certain types of consumer information — including a person’s income or their criminal and payment history — except in specific circumstances, the CFPB said.

    The push could also see new restrictions on the sale of personal information such as Social Security numbers, names and addresses, which the CFPB said data brokers often buy from the major credit reporting bureaus to create their own profiles on individual consumers.

    Issued under the Fair Credit Reporting Act, the regulations would seek to ensure that data brokers selling that sensitive information do so only for valid financial purposes such as employment background checks or credit decisions, and not for unrelated purposes that may allow third parties to use the data to, for example, train AI algorithms or chatbots, the CFPB said.

    The announcement follows an agency study into the data broker industry this year that found widespread concerns about how consumer data is being collected, used and shared. The inquiry received numerous submissions from the public warning about the disproportionate risks that unregulated data sharing can have on minorities, seniors, immigrants and victims of domestic violence.

    “Reports about monetization of sensitive information — everything from the financial details of members of the U.S. military to lists of specific people experiencing dementia — are particularly worrisome when data is powering ‘artificial intelligence’ and other automated decision-making about our lives,” CFPB Director Rohit Chopra said in a statement. “The CFPB will be taking steps to ensure that modern-day data brokers in the surveillance industry know that they cannot engage in illegal collection and sharing of our data.”

    The CFPB’s proposal will first be floated with a group of small businesses for feedback before being publicly unveiled in a formal rulemaking, the agency said.

    The CFPB isn’t the only US agency clamping down on the massive data industry. Last year, the Federal Trade Commission proposed a sweeping set of regulations that may restrict how all businesses collect and use consumer data, taking aim at what FTC Chair Lina Khan has described as the “persistent tracking and routinized surveillance of individuals.”

    The agency initiatives reflect how Congress has continually failed to produce a comprehensive, national-level consumer privacy law, despite years of lawmaker negotiations and the rise of privacy regulations overseas that increasingly affect US businesses.

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  • Opinion: Addressing gun violence requires better means of measuring it | CNN

    Opinion: Addressing gun violence requires better means of measuring it | CNN

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    Editor’s Note: Rosanna Smart is an economist at the nonprofit, nonpartisan RAND Corporation and co-leader of its Gun Policy in America initiative to understand the effects of gun policies. Andrew R. Morral is a senior behavioral scientist at RAND; co-leader of the initiative; and director of the National Collaborative on Gun Violence Research, a private philanthropy that funds gun violence prevention research. The views expressed in this piece are their own. View more opinion on CNN.



    CNN
     — 

    Barely through January, America has this year already experienced 63 incidents with four or more people shot and more than 4,200 firearm deaths.

    These statistics do not come from official governmental sources, but are rather the result of information compiled and disseminated publicly by a small non-profit organization, the Gun Violence Archive, funded primarily by a single private donor. Our government collects no official data on mass shootings – and has no comprehensive data collection system tracking nonfatal firearm injuries – despite intense public concern about these events and the direction they may be trending.

    The federal government does collect data on firearm deaths, although complete nationwide data that link whether individual deaths occurred in the same incident is not yet available. And finalized data is always a year or so delayed. By comparison, federal data on poultry slaughter across the country lags by only a couple of weeks.

    What’s more, federal data collection on other aspects of gun crime and violence is abysmal.

    This seems like a pretty fundamental statistic we should know, or at least have some decent estimate of. Measuring only firearm deaths and not all injuries may underestimate the prevalence of firearm violence by a factor of two to three, showing only a skewed subset of firearm violence. Because firearm assaults and police shootings often result in nonfatal injuries, federal data systems track only a portion of these incidents that disproportionately affect Black Americans.

    Building a surveillance system for nonfatal firearm injuries would be difficult and expensive. In 1994, the Centers for Disease Control and Prevention (CDC) funded efforts to support such a system in seven states, but the project ended after just three years when Congress cut the CDC’s budget in response to its firearm violence research. It took more than two decades for Congress to approve federal funding to research gun violence.

    Now, a previously unreliable nonfatal firearm injury surveillance system is being redesigned with the goal of producing moderately precise national estimates of firearms injury hospitalizations by 2024. That’s a start, but what really may be needed is reliable state-level estimates to understand how laws and other prevention efforts affect firearm violence.

    The Firearm Injury Surveillance Through Emergency Rooms (FASTER) program, a 10-state pilot project launched by the CDC in September 2020, will test whether the National Syndromic Surveillance Program, which helps track urgent crises like the Covid-19 pandemic and opioid overdoses, can be used to monitor firearm injuries.

    The federal government could make important contributions to firearm injury prevention efforts by ensuring that funding for data collection and maintenance through FASTER or another system is sustained moving forward and creating straightforward mechanisms for researchers to access deidentified individual-level data with geographic indicators.

    Unfortunately, data quality on other aspects of gun violence is deteriorating. For decades, the FBI has compiled and disseminated information from local law enforcement agencies on aggravated assaults and robberies involving firearms. This system was retired in 2021. As a result, the federal government has been unable to provide comprehensive state or national estimates on important crime trends for the past two years.

    While a more detailed (and theoretically improved) system replaced the prior one, the rollout of this FBI System has not gone smoothly. In 2021, the FBI’s new data system collected crime information from just over 60% of law enforcement agencies nationwide, resulting in uncertainty about whether murder in 2021 was up 17% or down 7% from the year before.

    This crumbling of the nation’s crime data infrastructure, even if temporary, could be an urgent problem for any effort to proactively intervene to respond to emerging crime trends.

    Although the Federal government uses large-scale surveys of Americans to understand trends in health and risk behaviors – such as consumption of drugs and alcohol, use of seatbelts, exercise habits, and even sexual practices – questions about ownership, storage, and use of firearms have been notably absent from national versions of these surveys for almost two decades.

    Indeed, one of the CDC’s flagship health behavior surveys included questions on gun ownership, but removed that question from the core module after 2004. As a result, many studies of the effects of gun violence prevention that need information on state firearm ownership rates must use data that are almost 20 years old.

    Similarly, although the government’s 50-state National Survey on Drug Use and Health asks respondents aged 12 to 17 about handgun carrying behavior, no such questions are asked of adults, despite evidence linking gun carriage policies with firearm violence.

    Other important questions also are omitted from these surveys, such as defensive gun use, firearm storage practices, safe handling practices and training and safety perceptions.

    The lowest hanging fruit to improve our data collection could be to remove statutory barriers that prevent researchers from using important data that the federal government is already collecting, such as information on guns used in crimes. Since 2003, the Tiahrt Amendments have prohibited the US Bureau of Alcohol, Tobacco, Firearms and Explosives from sharing disaggregated crime gun trace data with researchers.

    Removing these blanket restrictions, or even providing more detailed aggregate statistics on crime gun possessors, sources and prior transactions, could help provide better understanding of diversion of firearms from legal to illegal markets, risk factors related to “straw-purchasing” (buying a gun for somebody legally prohibited from possessing it), and the flow of firearms between states with different gun law regimes.

    Other missing data from federal collection efforts include reliable information on police shootings, mass shootings, legal defensive firearm homicides, firearm sales and many other such data.

    Although everyone wants to see reductions in firearm violence in this country, specific proposals are often controversial, sometimes because there are no data demonstrating their effectiveness. If those data were collected, this would no longer be an excuse. Better evidence on the effectiveness of different policy or community interventions may rely on access to data that is not being collected now.

    The federal government has many of the requisite tools in place to do this, and it does it well on a wide range of other problems. Shying away from measuring this problem may also make it more difficult to fix it.

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  • Microsoft buys stake in London Stock Exchange in cloud data deal | CNN Business

    Microsoft buys stake in London Stock Exchange in cloud data deal | CNN Business

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    London
    CNN
     — 

    Microsoft

    (MSFT)
    is buying a 4% stake in the London Stock Exchange as part of a deal that will see the market operator spend at least $2.8 billion over 10 years on the software provider’s cloud services.

    The companies announced the partnership in a joint statement on Monday, touting the benefits it will deliver to the stock exchange’s customers through improved data and analytics. Shares of the London Stock Exchange Group (LSEG) gained 4% in early trade.

    The partnership “creates attractive revenue growth opportunities for both companies,” LSEG CEO David Schwimmer said in the statement.

    As part of the deal, the London Stock Exchange’s data platform and other technology infrastructure will migrate into Microsoft’s Azure cloud environment.

    The companies also plan to work together to develop new products and services for data and analytics using Microsoft Azure, Microsoft Teams and Microsoft’s artificial intelligence (AI) capabilities.

    As a start, the exchange will be able to share its data and analytics with Teams and Microsoft 365, which includes Excel and PowerPoint.

    “The partnership will build on the good progress made by LSEG on the integration of Refinitiv and enhance its position as a world-leading financial markets infrastructure and data provider,” the statement said.

    LSEG completed its $27 billion acquisition of Refinitiv last year, making it the second largest financial data company after Bloomberg. Its data and analytics business makes up two-thirds of group revenue.

    The deal with Microsoft includes a commitment by LSEG to spend at least $2.8 billion on the software provider’s cloud-related products and services over the 10-year term of the partnership. This is consistent with existing long-term spending plans, according to the statement.

    Microsoft will buy its LSEG shares from Blackstone and Thomson Reuters

    (TRI)
    . The purchase is expected to complete in the first quarter of 2023.

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  • Texas sues Google over alleged ‘indiscriminate’ biometric data collection | CNN Business

    Texas sues Google over alleged ‘indiscriminate’ biometric data collection | CNN Business

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    CNN Business
     — 

    Texas Attorney General Ken Paxton sued Google on Thursday, alleging the tech giant had violated the state’s biometric privacy law by “indiscriminately” collecting voiceprints and facial recognition data from users and non-users of the company’s products without their consent.

    The lawsuit, filed in Texas’ Midland County District Court, claims the company’s broad application of facial recognition technology in Google Photos, as well as its use of voice recognition technology in its line of smart speakers and other home products, is a violation of the state’s Capture or Use of Biometric Identifier Act.

    Google

    (GOOG)
    didn’t immediately respond to a request for comment.

    In Google Photos, Google scans uploaded images to identify and categorize pictured subjects, including people who may not have been aware their faces would be analyzed or stored, the complaint said. The company has also allegedly listened in on Texans “without regard to whether a speaker has consented to Google’s indiscriminate voice printing,” according to the complaint.

    Adobe Stock

    The complaint describes Google’s Nest Hub Max, a smart home display with a built-in camera, as “a modern Eye of Sauron—constantly watching and waiting to identify a face it knows.”

    “All across the state, everyday Texans have become unwitting cash cows being milked by Google for profits,” the complaint said.

    Texas is one of just a few states with a law governing the use of biometric data, and this marks the second time that Texas has invoked the 2009 law to file a suit against a company. In February, the state claimed a now-shuttered Facebook photo-tagging tool — which was the subject of a $650 million biometric privacy settlement in Illinois last year — had also been a violation of the Texas biometric law.

    Texas has multiple lawsuits ongoing against Google, including two other consumer protection cases and an antitrust case targeting Google’s dominance in digital advertising.

    – CNN’s Rachel Metz contributed to this report.

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