Last month, the FTC issued a report to Congress advising governments and companies to exercise “great caution” in using artificial intelligence (“AI”) to combat harmful online content. The report responds to Congress’s request to look into whether and how AI may be used to identify, remove, or otherwise address a wide variety of specified “online harms.” Among the “harms” covered by Congress’s request were impersonation scams, fake reviews and accounts, deepfakes, illegal drug sales, revenge pornography, hate crimes, online harassment and cyberstalking, and misinformation campaigns aimed at influencing elections.
scams
Pandemic for Profit? – SEC Enforcement Patrols Press Releases
By Erica T. Jones on
In times of crisis, fraudsters attempt to exploit the latest news developments to lure investors into scams, and the once-in-a-century global health crisis we are currently facing is no exception. On February 4, 2020, the SEC noted in an Investor Alert that it was aware of a number of web-based promotions claiming that the products or services of publicly-traded companies could prevent, detect, or cure COVID-19—and that the stock of these companies would skyrocket as a result. The Investor Alert warned market participants to be vigilant and put publicly-traded companies on notice that the Commission is watching.