Security

Should Brokers Use 'Voice Prints' For Stock Transactions? (cnbc.com) 64

Fidelity and Charles Schwab now allow traders to use "voice prints" to authorize stock transactions. But there's more to the story, argues long-time Slashdot reader maiden_taiwan: Fidelity Investments is touting its new security feature, MyVoice, which allows a customer to access his/her financial accounts by telephone without a password. "When you call Fidelity, you'll no longer have to enter PINs or passwords because Fidelity MyVoice helps you interact with us securely and more conveniently. Through natural conversation, MyVoice will detect and verify your voiceprint in the first few moments of the call... Fidelity MyVoice performs even if you have a cold, allergies, or a sore throat."

Based on my own experience, Fidelity now enables MyVoice automatically for its customers who call in for other reasons. Apparently, their conversation with Fidelity customer service provides enough data for MyVoice to recognize them. (Customers are informed afterward that MyVoice has been enabled, and they can opt out, although they aren't told that opting out is possible.)

It's not clear whether Fidelity is creating voice profiles of their customers without asking first. (Fidelity's site says only that their representatives will "offer" to enroll you the next time you call.) But the original submission ends with two more questions. "In an era where Apple's face recognition is easily defeated by family members, is voice recognition any more secure?"

And "Is a 'voiceprint' even possible?"
The Internet

Even Capped Prediction Markets Can Be Manipulated 130

Slashdot regular contributor Bennett Haselton writes "My last article on prediction markets contained an erroneous assumption, one whose implications are far-reaching enough that they deserve their own article. (And if you read to the end, I'm offering $100 to be split between the readers who submit the best alternative solution or the best counter-argument to the points made here.)" Read below for the rest of Bennett's thoughts.

Neal Stephenson Responds With Wit and Humor 684

There is nothing better than a Slashdot interview with someone who not only reads and understands Slashdot but can out-troll the trolls. Admittedly, the questions you asked Neal Stephenson were great in their own right, but his answers... Wow! let's just say that this guy shows how it's done.

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