Category «Financial System»

Pete Recommends – Weekly highlights on cyber security issues, October 25, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Publishers Adopt Aggressive New Tactics to Block AI Scraping; What the Huge AWS Outage Reveals About the Internet; Social Security Administration (SSA) is warning the public about a new government imposter scam; Image Scrubber for obscuring faces, stripping out the identifying metadata attached to your photos; and Clickbait Gives AI Models ‘Brain Rot,’ Researchers Find.

Subjects: AI, Court Resources, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Financial System, Privacy

FEMA buyouts vs. risky real estate: New maps reveal post-flood migration patterns across the US

Prof. James R. Elliott and Research Analyst Debolina Banerjee study flood resilience and have been mapping the results of government buyout programs across the U.S. that purchase damaged homes after disasters to turn them into open space. Their new national maps of who relocates and where they go after a flood shows that most Americans who move from buyout areas stay local. However, they also found that the majority of them give up their home to someone else, either selling it or leaving a rental home, rather than taking a government buyout offer. That transfers the risk to a new resident, leaving the community still facing future costly risks.

Subjects: Climate Change, Economy, Environmental Law, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, October 11, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: People are poorly equipped to detect AI-powered voice clones; Meta [Facebook, Instagram] is preparing another way to show you targeted ads and you can’t opt out; Gmail stopped loading hidden trackers when I changed this one setting; Opt Out October: Daily Tips to Protect Your Privacy and Security; and Employees regularly paste company secrets into ChatGPT.

Subjects: AI, Cybersecurity, E-Commerce, Financial System, Privacy, Search Engines, Social Media, Technology Trends, Travel

AI in Finance and Banking, September 30, 2025

Subjects: AI in Banking and Finance, Economy, Financial System

Pete Recommends – Weekly highlights on cyber security issues, September 20, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: NIST says that there are three main ways to sanitize data; Google misled users about their privacy and now owes them $425m, says court; USAi tool lets agencies test for AI biases, GSA official says; FBI warns of cybercriminals using fake FBI crime reporting portals; and Morgan Stanley fined $35m after hard drives sold with customer info still on them.

Subjects: AI, Cybercrime, Cybersecurity, Economy, Financial System, Government Resources, Privacy

The Operational Protocol Method: Systematic LLM Specialization Through Collaborative Persona Engineering and Agent Coordination

This paper by Dennis Kennedy introduces a systematic methodology for transforming generic Large Language Models into specialized, persistent AI advisors and helpers through structured protocol frameworks and collaborative development processes, enabling reliable human-AI collaboration for complex decision-making across professional and personal domains. Large Language Models consistently underperform as specialized advisors due to context drift, personality inconsistency, and inability to prioritize curated knowledge sources. This paper introduces the Operational Protocol Method, a systematic approach for LLM specialization and assistance through structured persona engineering and collaborative development processes. The method transforms generic LLMs into reliable subject matter expert advisors while enabling coordinated multi-agent systems that maintain expertise boundaries across complex advisory tasks. Case studies in personal finance and note-taking demonstrate the method’s practical effectiveness and versatility across domains.

Subjects: AI, Financial System, KM, Legal Research, Training

AI in Finance and Banking, September 15, 2025

Subjects: AI in Banking and Finance, Economy, Financial System

AI In Finance and Banking August 31, 2025

Subjects: AI in Banking and Finance, Economy, Financial System, Government Resources, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, August 16, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Leading AI Agents Like ChatGPT Are Vulnerable to Hacking, Security Firm Finds; FBI Alert: This New Smartphone Scam Can Steal All Your Data; A Bug at Social Security Admin Has Been Rerouting Phone Calls to Random Offices; Leading AI Agents Like ChatGPT Are Vulnerable to Hacking, Security Firm Finds; and Crypto Security and Scams.

Subjects: AI, Congress, Cryptocurrency, Cybersecurity, Economy, Financial System, Legislative, Privacy, Social Media

AI In Finance and Banking July 31, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Eight highlights from this post: Preparing for systemic risks in the age of generative artificial intelligence; JPMorgan, Robeco Quietly Deploy AI in Daily Wall Street Routines; Can finance put an end to AI data mining; The Transformational Effects of Artificial Intelligence on the Finance Sector Workforce; Algorithmic Coercion with Faster Pricing; AI-Powered Trading, Algorithmic Collusion, and Price Efficience; From Banks to Bots: Behind the Rise of AI Money; and Federal Reserve conference included Fireside Chat – Vice Chair for Supervision Michelle W. Bowman and Sam Altman, OpenAI CEO; and Here’s What ‘Terrifies’ OpenAI’s CEO About Financial Institutions Today.

Subjects: AI, AI in Banking and Finance, Economy, Financial System, Legal Research