Kate Conger / New York Times: Australia fined X ~$384K and warned Google after the companies didn’t give enough info about their efforts to fight CSAM despite a law requiring the disclosure  —  The service formerly known as Twitter told Australian regulators that its automated detection of abusive material had declined after Elon Musk bought it. Lees verder op Tech Meme

Angus Berwick / Wall Street Journal: How Moscow-based crypto exchange Garantex became a major money laundering channel for cybercriminals and terrorist groups like the Palestinian Islamic Jihad  —  Garantex’s international pipeline helps defy Treasury sanctions by channeling rubles to crypto to dollars.  Customers line up with bags of cash. Lees verder op Tech Meme

Financial Times: Gary Gensler says it’s “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator  —  SEC head warns reliance on a few data models could unleash a financial crisis within a decade Lees verder op Tech Meme

Angus Berwick / Wall Street Journal: How Moscow-based crypto exchange Garantex has become a major money laundering channel for cybercriminals and terror groups like the Palestinian Islamic Jihad  —  Garantex’s international pipeline helps defy Treasury sanctions by channeling rubles to crypto to dollars.  Customers line up with bags of cash. Lees verder op Tech Meme

Kate Conger / New York Times: Australia says it fined X ~$384K and warned Google after they failed to give adequate info on their efforts to fight CSAM despite a law requiring the disclosure  —  The service formerly known as Twitter told Australian regulators that its automated detection of abusive material had declined after Elon Musk bought it. Lees verder op Tech Meme