Categories: Market Overview

Tech giants want rules on facial recognition, but critics warn that won’t be enough

It almost comes naturally to many smartphone users today. You can just take out your iPhone — or Android equivalent — and hold it up to your face to unlock the device. But the technology behind that has become increasingly controversial of late, with business executives and regulators alike calling for oversight. Microsoft CEO Satya Nadella earlier this year said the technology warranted “any regulation that helps the marketplace not be a race to the bottom.” While people are far more open to the idea of registering their portrait with Apple’s Face ID, the idea of being spotted by an artificial intelligence-powered camera on the street has proven much more unnerving. This is the difference, tech executives and experts say, between consensual identity verification and non-consensual surveillance.

The use of facial recognition technology in London’s King’s Cross area was met with much backlash earlier this month, drawing the attention of the U.K. data protection watchdog. It emerged that Argent, a property developer, had deployed the software in the space without people’s knowledge. Argent was not immediately available for comment when contacted by CNBC.

Some are calling for a ban of so-called live facial recognition, where surveillance cameras equipped with the technology scan people in public places. One of the biggest problems with face identification systems, independent researcher Stephanie Hare said, is that it involves biometric data — in other words, information about people’s bodies. She thinks an outright ban on the technology should be one option on the table.  “It needs to be treated in the same way that your DNA would be,” Hare told CNBC. “They’re in the same category of powerful data. What you could do with face recognition in terms of identifying someone in real time makes it a surveillance technology.”

And it’s that issue of surveillance that has become a key concern for regulators. Britain’s Information Commissioner Elizabeth Denham said she would launch a probe into how the software was used in London, adding she was “deeply concerned about the growing use of facial recognition technology in public spaces” by both law enforcement and the private sector. The privacy regulator has also been investigating the use of facial recognition by police.

Tech giants want rules on facial recognition, but critics warn that won’t be enough, CNBC, Aug 30
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Nasdaq 100 Wave Analysis 23 December 2024

- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…

3 hours ago

USDJPY Wave Analysis 23 December 2024

- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…

3 hours ago

US indices: has the bullish trend broken?

The recent declines in US indices may have broken the bullish trend, indicated by technical…

8 hours ago

Dollar: Slowing Momentum, Same Direction

The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…

13 hours ago

Bitcoin Fell Back to Local Support

Bitcoin finds support near the 50-day moving average, but further declines in the stock market…

14 hours ago

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

This website uses cookies