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Then, the gangs use that information as leverage to get the victim to pay, threatening to make the data public which would in turn hurt the oncoming merger or acquisition. After infecting the companies with malware, these gangs perform initial reconnaissance to find non-publicly available information in the company’s files. In a notification released this week, the FBI warned private industries that ransomware gangs were increasingly targeting companies “involved in significant, time-sensitive financial events” such as mergers and acquisitions. FBI says ransomware gangs look for mergers and acquisitions For more on this story, see Ars Technica. Worldcoin has not said how much money each new user will receive, but the plan is to deliver hundreds more in the immediate future, slowly building up to distributing 4,000 orbs every month. The orbs take photos of users’ eyes and convert them into individual codes that can then be used to claim the free digital tokens. In an ambitious project aimed at giving out free cryptocurrency to 1 billion people over the next two years, Worldcoin has distributed about 30 iris-scanning devices called “orbs” to 12 countries in South America, Africa, Europe, and Asia.
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Scan your eyes for free Worldcoin cryptocurrency We will continue working on these technologies and engaging outside experts.” For more, go to CNN Business. “We believe facial recognition can help for products like these with privacy, transparency and control in place,” wrote Pesenti, “so you decide if and how your face is used. While Meta is dialing down the facial rec used on Facebook, the company does plan to continue developing the tech for identity verification. Maybe the fact that we won’t be using our real faces in the metaverse they are designing has had an influence too.” “It most likely just doesn’t fit in with their business plans anymore. “This move is probably not related to protecting users’ privacy,” commented Avast’s Luis Corrons. Pesenti cites “growing societal concerns” and the lack of AI regulation as reasons for the company’s sudden turnaround on facial recognition.
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Meta, the new name for Mark Zuckerberg’s company as of late October, will phase out the facial rec tech used on the social media platform over the next few weeks and will delete over a billion users’ facial rec templates.
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“In the coming weeks, Meta will shut down the Face Recognition system on Facebook as part of a company-wide move to limit the use of facial recognition in our products,” wrote Meta VP of Artificial Intelligence Jerome Pesenti in a blog post this week.