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Time Is Money

Jul 4, 2024 • 5 min read

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Evolve Bank Cyberattack
Youtube AI Image Removal Policy

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Evolve Bank Cyberattack:

At the end of June, the LockBit cyber gang announced that it had breached the systems of the Federal Reserve of the United States and exfiltrated 33 TB of sensitive data, including Americans’ banking secrets. However, it was later confirmed that the leaked data actually belonged to Arkansas-based Evolve Bank & Trust. The analysis of the data on the LockBit group's Tor leak site on June 26 verified that the documents were from Evolve Bank & Trust.
Evolve Bank & Trust confirmed the security breach in a notice on its website and announced an ongoing investigation into the incident. The bank stated that certain personal information may have been compromised. Despite refusing to pay the ransom, the gang leaked the stolen data. Evolve assured that the incident has been completely contained and that their retail banking customers' debit cards, online, and digital banking credentials do not appear to be impacted. The bank will directly contact affected customers and financial technology partners.
The data breach also affected customers of fintech firms associated with Evolve. Wise, a former collaborator with Evolve, announced that some of its customers were impacted, as the bank still held their data. Wise clarified that their systems were not breached and will contact affected customers. Similarly, Affirm, which offers a buy now, pay later service, confirmed that some of its customers' data was compromised. Affirm shares personal information with Evolve to facilitate the issuance and servicing of Affirm Cards, leading to the breach of Affirm Card users' information.

Youtube AI Image Removal Policy:

In June, YouTube introduced a new policy allowing people to request the removal of AI-generated or synthetic content that mimics their face or voice. This change is part of YouTube’s efforts to address privacy concerns related to AI content, expanding its responsible AI initiative. The updated policy allows individuals to file privacy violation requests for such content, rather than flagging it as misleading. However, not all requests guarantee removal. YouTube will review complaints based on whether the content is clearly marked as synthetic, if it uniquely identifies a person, and if it could be considered parody or satire.
The platform will also consider if the content involves a public figure and depicts sensitive behavior. Content creators have 48 hours to address a complaint before YouTube initiates a review. If the content is removed within that time, the complaint is resolved. Otherwise, YouTube will review the content. The policy requires the complete removal of the video and any personal information from titles, descriptions, and tags, rather than simply making the video private. While YouTube supports the use of AI, all AI-generated content must still comply with its Community Guidelines.

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