Subscribe & Save 5% on Cryptonary Pro!
Cryptocurrency News

Coinbase tested controversial facial recognition software

Clearview AI, an American facial recognition technology company that was allegedly only “meant to be used” by law enforcement has been inside of a legal and media storm.

Their technology was created to help find all pictures available on the internet related to any human by a simple facial recognition. The problem with facial recognition technology is the risk of it being used to advance harmful intentions, even tech giant Google kept a distance from it for this exact reason.

Hackers were able to find a weak link and get into Clearview AI’s database. The data breach revealed over 3 billion pictures gathered from social media platform such as Facebook, Twitter and YouTube as well as a client list that expands well beyond “law enforcement only”.

The client list, which included over two-thousand names, ranged from law enforcement to financial institutions like Wells Fargo and Bank of America, as well as the NBA, Equinox and sadly Coinbase too.

A spokesperson for Coinbase said that the only reason the company was testing Clearview AI’s tech in the first place is for compliance and security and was not used with customer data. They also added: “Our security and compliance teams tested Clearview AI to see if the service could meaningfully bolster our efforts to protect employees and offices against physical threats and investigate fraud. At this time, we have not made any commitments to use Clearview AI”.

Sign up for our FREE mailing list

Join 12,590 others now and get actionable research and analysis sent directly to your inbox.

Post a Comment


Delivered to your inbox, every Sunday evening.