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Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit

Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit

by AIP Online Bureau | Jul 31, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The lawsuit, filed in 2022, was the first major case to be brought under Texas’ 2009 biometric privacy law, according to law firms tracking the litigation. A provision of the law provides damages of up to $25,000 per violation. Texas accused Facebook of capturing...

Banks allowed to use face recognition, iris scan for transactions: Reports

by AIP Online Bureau | Jan 14, 2023 | Banking & Bancassurance, Indian News, Technology

The verification is not mandatory and is intended for cases where another government identification card used for tax purposes, the Permanent Account Number (PAN) card, is not shared with banks. New Delhi: The Indian government is allowing banks to verify individual...

Europe’s bid for AI standard faces long road, EU lawmakers say

by AIP Online Bureau | Feb 17, 2022 | Policy, Risk Management, Technology

Dragos Tudorache, one of two lawmakers steering the issue, told Reuters facial recognition is a key topic Europe’s effort to set a standard for artificial intelligence will likely take more than a year, with the debate focusing on whether facial recognition...

Korea to test AI-powered facial recognition to track COVID-19 cases

by AIP Online Bureau | Dec 14, 2021 | Facts, Non-Life, Pandemic, Policy, Technology, Workplace/Employee Benefits

Rules say patients must give their consent for the facial recognition tracking to be used, but even if they don’t consent, the system can still track them using their silhouette and clothes, the official said. The Korea Disease Control and Prevention Agency...

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