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PSNI faces £240m data leak fallout
The Police Service of Northern Ireland (PSNI) is entering mediation to determine damages for up to 7,000 staff affected by a significant data leak. The potential compensation could reach £240m, following the accidental disclosure of employee details in a Freedom of Information request in 2023. The PSNI has accepted liability and aims to propose a…
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HSBC could appoint first female CFO
HSBC is reportedly considering naming its first female chief financial officer in its 159-year history. Pam Kaur, the lender’s chief risk and compliance officer, is said to be a favourite for the role. Other potential candidates include head of global banking and markets Greg Guyett, group head of strategy and corporate development Willard McLane and…
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LinkedIn pauses training of AI models using UK user data
The UK’s Information Commissioner’s Office (ICO) has raised concerns regarding LinkedIn’s use of UK user data for training generative AI models. LinkedIn has since confirmed it has “suspended” such training. Stephen Almond, executive director for regulatory risk at the ICO, said: “We are pleased that LinkedIn has reflected on the concerns we raised about its…
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Robotic security guards threaten thieves in angry Northern Irish accent
Tesco has introduced robotic security guards, known as PID360 devices, to combat rising thefts in stores across Manchester, Bristol, and Newcastle. The devices, which emit a loud warning siren and a menacing message in a Northern Irish accent, are designed to deter intruders effectively. According to a Tesco spokesman, the units are used outside of…
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Face-to-face interviews return at Deloitte
Deloitte UK is returning to in-person interviews for its UK graduate process the Financial Reporting Council (FRC) warned the firm about the potential risks associated with having a primarily online recruitment process. Online processes are now at risk of being compromised by new technological advancements such as artificial intelligence, but AI discrimination can also be…
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Top CEOs fail to deliver shareholder value
Research by SCM Direct and the Evening Standard reveals that some of Britain’s highest-paid CEOs have significantly underperformed the stock market over the past three years, challenging the justification for their substantial remuneration. Alan Miller of SCM Direct stated: “The correlation between pay and share price performance is, at best, weak.” Despite CEO pay soaring…
