Join Doug Atkinson and David Loshin as they break down recent forfeiture order by the FCC involving location data violations by major telecom companies. They discuss the complexities of data sharing, the importance of governance, and the implications of information misuse. David describes how data practices need to evolve to better protect consumer information, and what companies need to do to avoid this type of information risk in the future. References: • FCC Fines Largest Wireless Carriers for Sharing Location Data • FCC Fines AT&T $57M for Location Data Violations • Service Meant to Monitor Inmates’ Calls Could Track You, Too • Senator Wyden Calls for FCC Investigation into Company Sharing Location Data

Information Risk is a podcast hosted by Doug Atkinson featuring David Loshin, a renowned data strategy consultant and director at the University of Maryland. David explores theoretical and real-world examples of 'information risk', the different types of risk that misuse and misinterpretation of data can pose to organizations. Contact David Loshin: ⁠⁠LinkedIn⁠

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Plausible deniability won't cut it when it comes to financial regulation. On this episode of Information Risk, David Loshin enlightens us on the intricacies of customer due diligence and the risks related with poor practices. He and Doug discuss real-world enforcement actions by the Office of the Comptroller of the Currency against banks in Ohio and Connecticut and explore the broader implications of these issues within the financial system. They also talk cryptocurrency and highlight how digital currencies pose compliance challenges and are used by bad actors for illicit activities. On the other side of the coin, they talk enforcement actions, including recent Financial Crimes Enforcement Network (FinCEN) investigations, and the $4.4 billion fine levied on Binance for illicit activities on its platform.

References: • Historic fine on Binance over alleged Hamas financing signals new era in crypto crackdown - Politico • Binance and CEO Plead Guilty to Federal Charges in $4B Resolution - U.S. Dept of Justice • Crypto Under the Gavel: Binance and Beyond - Amini & Conant

Information Risk is a podcast hosted by Doug Atkinson featuring David Loshin, a renowned data strategy consultant and director at the University of Maryland. David explores theoretical and real-world examples of 'information risk', the different types of risk that misuse and misinterpretation of data can pose to organizations. Contact David Loshin: ⁠LinkedIn

⁠⁠Twitter

⁠⁠knowledge-integrity.com⁠ Powered by ⁠Insight Jam

Data is the fuel that powers AI, but what happens when there is sugar in the proverbial gas tank? On this episode of Information Risk, David Loshin gets into the perils of using AI and large language models (LLMs). when the data is faulty. Socioeconomic pillars like healthcare, real estate, and law are affected. A lawyer blindly trusting AI-generated fictitious legal cases, the mishandling of COVID-19 diagnostic tools due to biased ML algorithms, and Zillow's failed attempt to predict real estate prices, leading to a massive financial fallout. In all of these examples, data quality is essential. David urges professionals and businesses to exercise due diligence in scrutinizing the data that feeds their AI models to ensure reliability and mitigate information risks. References: • "The ChatGPT Lawyer Explains Himself" • "Common pitfalls and recommendations for using machine learning to detect and prognosticate for COVID-19 using chest radiographs and CT scans" • "The $500mm+ Debacle at Zillow Offers – What Went Wrong with the AI Models?" • "Zillow to shutter home buying business and lay off 2,000 employees as its big real estate bet falters" Information Risk is a podcast hosted by Doug Atkinson featuring David Loshin, a renowned data strategy consultant and director at the University of Maryland. David explores theoretical and real-world examples of 'information risk', the different types of risk that misuse and misinterpretation of data can pose to organizations. Contact David Loshin: LinkedIn Twitter knowledge-integrity.com Powered by Insight Jam