Recreation center operator must deter employees from facial recognition technology
A leisure center operator has been ordered to stop using facial recognition technology to monitor employee attendance.
Serco Leisure used it in addition to scanning fingerprints on more than 2,000 employees on the payroll.
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The Information Commissioner’s Office said it was unlawful and that the company had failed to demonstrate why it needed biometric data instead of “less intrusive means” such as identity cards.
It comes amid an increasing rise of technology in business and growing concerns about the risks of artificial intelligence.
Information Commissioner John Edwards said: “Biometric data is completely unique to an individual, so the risks of harm in the event of inaccuracies or a security breach are much greater. You can’t reset someone’s face or fingerprint like you can with a password.”
Ashley is on the right track
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MIKE Ashley goes full steam ahead and acquires shares in model train maker Hornby.
His Frasers Group – now the third largest investor with an 8.9 percent stake – said it was “strategic”. The Game company stocks Hornby products.
Reddit is floating
SOCIAL media site Reddit has filed plans for a multi-billion dollar stock exchange listing in New York, with its largest users able to buy shares.
The company was co-founded in 2005 by tennis legend Serena Williams’ husband, Alexis Ohanian. Sam Altman, the man behind ChatGPT, is the third largest investor.
The graph up
STANDARD CHARTERED boss Bill Winters has said the £16.1 billion market value does not reflect the bank’s prospects as he revealed a jump in quarterly profits.
Winters, who was paid £7.8m last year, is now trying to boost Standard’s share price with a huge share buyback and dividends.
Good week
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NVIDIA boss Jensen Huang, who saw the AI chipmaker valued at $2 trillion, sparking a global stock market rally.
Bad week
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EX-POST OFFICE boss Henry Staunton, who feuded with MP Kemi Badenoch over Horizon victims’ money.