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The Future of RegTech for AI Governance

IBM Big Data Hub

Beyond these common uses of AI, there are also uses that regulators are beginning to identify as areas where there may be a higher risk. Trustworthy outcomes are critical for all AI systems, particularly in high-risk contexts, and this is a key factor in why the market for responsible AI solutions is expected to double in size in 2022 [2].

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The AI Act – A step closer to the first law on Artificial Intelligence

Data Protection Report

On 11 May 2023, members of the European Parliament passed their compromise text of the AI Act (the AI Act ) at the committee stage, taking this law a step closer to being finalised. This aligns more closely to the European Council’s definition of AI than the original Commission’s definition, which was criticised as being overly broad.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. Definition and Purpose of a Records Retention Schedule.

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SEC Proposes Cybersecurity Rules for Public Companies

Hunton Privacy

On March 9, 2022, the Securities and Exchange Commission (“SEC”) held an open meeting and proposed new cybersecurity disclosure rules for public companies by a 3-1 vote. Key Definitions. Disclosure Regarding Risk Management, Strategy and Governance.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

A further 381,000 New York City public school students affected by 2022 data breach In January 2022 , personal data from around 820,000 New York City public school students, both current and former, was breached. None definitely haven’t had data breached. The data breached included usernames and email addresses.

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The new SCCs and what you need to know

Privacy and Cybersecurity Law

The transition period for replacing the old SCCs expires on 27 December 2022. Stop press: On 11 August, the ICO launched a public consultation on draft UK SCCs, use of the EU SCCs, and a DTIA tool. For businesses with complex supply chains, consider first assessing the estate, and identifying major exports and principal risks.

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A Cyber Insurance Backstop

Schneier on Security

After Merck filed its $700 million claim, the pharmaceutical giant’s insurers argued that they were not required to cover the malware’s damage because the cyberattack was widely attributed to the Russian government and therefore was excluded from standard property and casualty insurance coverage as a “hostile or warlike act.”