topic Risk management, once again in Industry News

Risk management, once again

rslade — Fri, 28 Jun 2019 19:03:09 GMT

Some of the big casinos in Macau are using facial recognition and analysis to spot gamblers who are likely to have an appetite for big risks (and are therefore likely to lose big).

Re: Risk management, once again

AppDefects — Fri, 28 Jun 2019 19:18:17 GMT

Whose to say that the "winners" are not using technology for their benefit? It's an arms race...

Re: Risk management, once again

dcontesti — Sat, 29 Jun 2019 04:55:43 GMT

@rslade wrote:
Some of the big casinos in Macau are using facial recognition and analysis to spot gamblers who are likely to have an appetite for big risks (and are therefore likely to lose big).

Is now glad that I only play $20 in the Penny slots.....

Re: Risk management, once again

Frank_Mayer — Sat, 29 Jun 2019 18:13:59 GMT

Thank you for the post. Referring to the statement in the article: “Facial recognition is very mature in China: border customs has it, banks will soon have it, it’s a trend,” Lo said. This is another indication that the cyberspace race is now a global reality. Nevertheless, it seems that despite the risks we muddle along. Here is a link to a very interesting article https://ubiquity.acm.org/article.cfm?id=3333611 that provides the interesting proposition about the apparent lack of cybersecurity that "argues this "muddle through" approach was not as foolish as is usually claimed, and will continue to be the way we operate." and "main conclusion is that, through incremental steps, we have in effect learned to adopt techniques from the physical world to compensate for the deficiencies of cyberspace." (Andrew Odlyzko, 2019)