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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

The global AI market is projected to grow to USD 190 billion by 2025, increasing at a compound annual growth rate (CAGR) of 36.62% from 2022, according to Markets and Markets. A leading insurance player in Japan leverages this technology to infuse AI into their operations.

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Connecticut Enacts Consumer Privacy Law

Hunton Privacy

The CTDPA exempts certain entities, including, for example, state and local government entities, nonprofits, higher education institutions, financial institutions subject to the Gramm-Leach-Bliley Act (“GLB”), and qualifying covered entities and business associates subject to the Health Insurance Portability and Accountability Act (“HIPAA”).

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

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Automated Security and Compliance Attracts Venture Investors

eSecurity Planet

First of all, cybersecurity is becoming a “must have” for businesses and governments. The growing number of data privacy regulations has raised the potential consequences of cybersecurity breaches, spurring demand for GRC (governance, risk, and compliance) software. IDC expects GRC spending to hit $15 billion by 2025.

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How Defence in Depth Can Help Organisations Tackle Complex Cyber Security Risks

IT Governance

According to Cisco’s 2022 Cybersecurity Almanac , the amount of money organisations spend recovering from cyber attacks is expected to increase by 75% in the five-year period from 2021 to 2025, reaching as much as $10.5 trillion (about £8.9 trillion). . Ultimately, it can cover the cost of-rebuilding if all else fails.

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ICYMI –December in privacy and cybersecurity

Data Protection Report

Tie-breaker/Bonus question: Which two states have comprehensive privacy laws scheduled to go into effect on January 1, 2025? See SEC, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, 88 Fed. 4 business days after determining that the incident is material).

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ABBYY Launches Global Initiative Promoting the Development of Trustworthy Artificial Intelligence

Info Source

In fact, by 2025, Gartner< [link] > estimates 30 percent of large enterprise and. government contracts for the purchase of digital products and services that incorporate AI will require the use of explainable and ethical AI. ABBYY is a global company with offices in 13 countries.