In Brief: Desjardins FinTech breach is largest in Canada, affecting 9.7M people
Malicious employee siphoned data for 2 years.
Malicious employee siphoned data for 2 years.
Skyflow raises $17.5M in series A funding for privacy vault technology Skyflow loads sensitive customer data into a cloud-based vault so companies don’t have to store it for themselves. Information is encrypted, enabling companies can analyze it without exposing the underlying data.
Vienna-based watchdog FRA has requested guidance from the EU on how its current rules apply to AI for “high-risk sectors,” including healthcare and transportation. In part, the agency wants to ensure that people can approve decisions made by AI and require companies to explain how their systems utilize AI.
Like the determined optimist who tells his boss the factory is on fire by reporting they’ll soon be able to update their equipment, let’s find some silver linings in a batch of gloomy surveys today, Dear Reader. We’ll start with this Fivetran report, which finds that 85% of data leaders say their company has lost money by basing decisions on bad data, and 66% believe their C-suite can’t tell when that happens. The bright side is there’s lots of room for improvement.