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Nearly half of U.S. consumers have suffered identity theft

A December 2020 survey of nearly 9,000 consumers showed 47% of U.S. consumers had experienced financial identity theft — up 42% from 2019. The report issued by the Aite Group found consequences for financial institutions can be severe, including that 12-13% of consumers who experienced fraud are unlikely to do future business with them.

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IT’S THE LAW (3/16/2021)

March 16, 2021

A U.S. Congresswoman proposed a national consumer privacy bill in the U.S. House of Representatives. Saying, it is "better to have a federal law than a patchwork of state laws," Democrat Suzan DelBene introduced The Information Transparency and Personal Data Control Act which would require businesses to get consent before sharing sensitive information, let users opt-out of collection of nonsensitive data, oblige businesses to explain how data is being used, and expand the Federal Trade Commission's authority to enforce the law.  It would override stronger state legislation and doesn't allow consumers to sue for violations -- two features the ad industry likes and privacy advocates do not.

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Grammarly Raises $200 Million to Help People Write Better

November 24, 2021

If robots wrote the news, would they write about other robots?  I ask because there’s been a suspicious burst of items about AI-powered writing tools, just when live journalists might have set things on autopilot so they could sneak out early for the holiday.  Top of the list: writing-suggestion platform Grammarly just raised $200 million at a $13 billion valuation, doubling total funding to $400 million.

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