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.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.