Social media, the internet, and other digital tools, which were once hailed as great forces for human empowerment, connectivity, and liberation, have quickly come to be seen as a serious threat to democratic stability and human freedom. Social media platforms are demonstrating the potential to exacerbate risks such as authoritarian privacy violations, partisan echo chambers, […]
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Republican senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, amid fears the payment system could allow Beijing to spy on Americans. The bill, unveiled Thursday and first reported by Reuters, states that companies that own or control app stores […]
If you are old enough to have watched the series “Bones,” then for sure you have bumped into the “Angelator,” a holographic projector developed for forensics. Based on data and evidence collected from the crime scene, a reconstruction is achieved, allowing inspectors to visualize a 3D representation of the victim or weapons used and study […]
Creating an official digital version of the U.S. dollar could give Americans more, and speedier, payment options, but it would also present financial stability risks and privacy concerns, the U.S. Federal Reserve said in a long-awaited discussion paper released on Thursday. The paper made no policy recommendations and offered no clear signal on where the […]
The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day to day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, […]
Norway’s data privacy watchdog on Wednesday fined gay dating app Grindr 65 million kroner ($7.16 million) for sending sensitive personal data to hundreds of potential advertising partners without users’ consent — a breach of strict European Union privacy rules. The Norwegian Data Protection Authority said it imposed its highest fine to date because the California-based […]
The global financial sector is witnessing an ever-growing change shaping Europe’s banking infrastructure into an increasingly competitive market. Open banking proved to people how it can alter financial services to accommodate their needs; all while fostering a continuing digitalization of modern life as Fintech companies set the stage for simplified yet optimized solutions to deliver […]
Multinational credit card company Mastercard announced on Monday a new collaboration with the Digital Transformation Agency (DTA) as it implements plans to create digital identities and age verification system, a move that will manifest the company as a leading digital identity service provider in Australia. The Trusted Digital Identity Framework (TDIF) will be a unison […]
Ask anyone old enough to remember travel before Sept. 11, 2001, and you’re likely to get a gauzy recollection of what flying was like. There was security screening, but it wasn’t anywhere near as intrusive. There were no long checkpoint lines. Passengers and their families could walk right to the gate together, postponing goodbye hugs […]
It began in February with a tweet by pop star Rihanna that sparked widespread condemnation of Indian Prime Minister Narendra Modi’s handling of massive farmer protests near the capital, souring an already troubled relationship between the government and Twitter. Moving to contain the backlash, officials hit Twitter with multiple injunctions to block hundreds of tweets […]