Business

Hong Kong customs arrest four in first crypto laundering bust

Hong Kong customs officials said Thursday they had dismantled a money laundering syndicate that used cryptocurrency to process some HK$1.2 billion ($155 million) in illegal funds, in what they said was the first successful ...

Business

EU privacy groups set sights on facial recognition firm

Privacy organisations on Thursday complained to regulators in five European countries over the practices of Clearview AI, a company that has built a powerful facial recognition database using images "scraped" from the web.

Business

Unmanned supermarkets to the rescue in Sweden's rural areas

One after another, grocery stores are shutting down in rural Sweden, leaving villagers to travel miles to buy food. But a new type of shop has sprung up in their wake: unmanned supermarkets in mobile containers.

Internet

Twitter revamps rules for verification 'badge'

Twitter said Thursday it was revamping its rules for verified accounts, potentially opening up the coveted blue badge to more users, but with clearer guidelines.

Internet

Data from 500 mn Facebook accounts posted online: reports

Data affecting more than 500 million Facebook users that was originally leaked in 2019, including email addresses and phone numbers, has been posted on an online hackers forum, according to media reports and a cybercrime ...

Internet

A physical party to prove you're a real virtual person

The ease of creating fake virtual identities plays an important role in shaping the way information—and misinformation—circulates online. Could 'pseudonym' parties, that would verify proof of personhood not proof of identity, ...

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Accountability

Accountability is the concept in ethics and governance with several meanings. It is often used synonymously with such concepts as responsibility, answerability, blameworthiness, liability, and other terms associated with the expectation of account-giving. As an aspect of governance, it has been central to discussions related to problems in the public sector, nonprofit and private (corporate) worlds. In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions, products, decisions, and policies including the administration, governance, and implementation within the scope of the role or employment position and encompassing the obligation to report, explain and be answerable for resulting consequences.

As a term related to governance, accountability has been difficult to define. It is frequently described as an account-giving relationship between individuals, e.g. "A is accountable to B when A is obliged to inform B about A’s (past or future) actions and decisions, to justify them, and to suffer punishment in the case of eventual misconduct". Accountability cannot exist without proper accounting practices; in other words, an absence of accounting means an absence of accountability.

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