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March is a time for leprechauns and four-leaf clovers, and as luck would have it, its also a time to learn how to protect your private data from cybercrime. Each year, the first week of March (March 2-8) is recognized as National ConsumerProtection Week (NCPW).
ArtificialIntelligence (AI) is one of the most transformative technologies that we have ever experienced. In addition, please also listen to our recent podcast on AI: Dentons – ArtificialIntelligence – what the developers, sellers and buyers of AI systems should be aware of?
Artificialintelligence feeds on data: both personal and non-personal. It is no coincidence, therefore, that the European Commission’s “ Proposal for a Regulation laying down harmonized rules on ArtificialIntelligence ”, published on April 21, 2021 (the Proposal), has several points of contact with the GDPR.
The financial industry is experiencing a gold rush of sorts with the integration of ArtificialIntelligence (AI) technologies. The AI revolution in finance presents numerous opportunities and, simultaneously, the potential for many risks , specifically regarding consumerprotection. and investor doubts.
Federal Communications Commission (FCC) has adopted new rules aimed at enhancing security measures for cell phone accounts. SIM swapping involves the unauthorized transfer of a user's account to a SIM card controlled by malicious actors, achieved by convincing the victim's wireless carrier to make the change.
On May 8, 2024, the Colorado House of Representatives passed SB 205, a landmark law regulating artificialintelligence (AI). ” This legislation aims to protectconsumers from the potential harms of AI by imposing strict requirements on developers and deployers of high-risk AI systems.
This comprehensive suite combines advanced artificialintelligence with local expertise to address complex compliance challenges in the MENA region. Focal by Mozn Image Source: FOCAL Focal by Mozn stands at the forefront of AI-powered regulatory compliance solutions, particularly in emerging markets.
Over the last decade, financial firms have been mandated to adopt new compliance frameworks at an unprecedented rate, partly due to the sector’s digital transformation and rising concerns around cybersecurity and consumerprotection. FINRA oversees brokerage firms and exchange markets, enforcing regulations to protect investors.
Identity theft will evolve: Stolen identities will fuel new fraud schemes, like creating crypto accounts in victims names. Since Californias passage of California ConsumerProtection Act, later superseded by the California Privacy Rights Act, over 20 states have passed comprehensive privacy laws. Growing patchwork of U.S.
Indeed, the regulation of ArtificialIntelligence looms large on the horizon, and in many ways, it’s already underway. From the corridors of Brussels to the tech hubs of Silicon Valley, the push for responsible AI governance underscores the pivotal role of regulations in shaping the future of artificialintelligence.
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