World Economic Forum Says Tech Firms Must Do More to Tackle Extremism

If tech firms don’t act, governments may impose regulations limiting free speech.

U.S. tech firms such as Facebook fb and Twitter twtr should be more aggressive in tackling extremism and political misinformation if they want to avoid government action, a report from the World Economic Forum said on Monday.

The study from the Swiss nonprofit organization adds to a chorus of calls for Silicon Valley to stem the spread of violent material from Islamic State militants and the use of their services by alleged Russian propagandists.

Facebook, Twitter and Alphabet’s Google goog will go under the microscope of U.S. lawmakers on Tuesday and Wednesday when their general counsels will testify before three U.S. congressional committees on alleged Russian interference in the 2016 U.S. presidential election.

For more on Facebook and the spread of fake news, watch Fortune’s video:

The report from the World Economic Forum‘s human rights council warns that tech companies risk government regulation that would limit freedom of speech unless they “assume a more active self-governance role.”

It recommends that the companies conduct more thorough internal reviews of how their services can be misused and that they put in place more human oversight of content.

The German parliament in June approved a plan to fine social media networks up to 50 million euros if they fail to remove hateful postings promptly, a law that Monday’s study said could potentially lead to the takedown of massive amounts of content.

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(Reuters) – U.S.-based credit reporting agency Equifax Inc said on Tuesday that the massive cyber attack it disclosed in September compromised the sensitive personal details of nearly 700,000 consumers in the United Kingdom.

Equifax said that 15.2 million UK records dating from 2011 to 2016 were exposed in the incident, which affected 145.5 million people overall, but that 14.5 million of the exposed UK records did not contain information that put consumers at risk.

Reporting by John McCrank in New York; Editing by Richard Chang

Our Standards:The Thomson Reuters Trust Principles.

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RBC CEO McKay says AI helping to curb credit card fraud

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McKay said in a Reuters Newsmaker interview with Reuters Editor-in-Chief Stephen Adler that the bank is spending over C$ 10 million ($ 8.04 million) a year on artificial intelligence.

Reporting by Matt Scuffham; Editing by Leslie Adler

Our Standards:The Thomson Reuters Trust Principles.

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