Regulators and national authorities worry that companies may be unwittingly exposing themselves to significant risk by adopting cheaper Chinese-made AI tools or using available “open-source” software that may also rely heavily on Chinese AI.
Technology
Posted inArtificial Intelligence
AI leaders fear rapid tech deployment is encouraging staff to bypass governance processes
Human compliance risks are a critical weakness in AI governance. According to an EY US report, 47% of AI decision-makers know their organization has bypassed corporate governance processes to deploy AI faster.
Posted inTechnology
European regulators warn about prediction markets, showing divergence from the US
Prediction markets may have become a booming industry in the United States, but the EU and UK remain reluctant to embrace them because of the inherent risks of supervising them and the potential harm they could cause consumers.
Posted inArtificial Intelligence
Hong Kong regulator sets accountability, resilience, trust rules for bank AI
Hong Kong’s banking regulator unveiled an AI framework focused on accountability, resilience and trust as financial institutions accelerate responsible artificial intelligence adoption.
Posted inArtificial Intelligence
‘Rogue’ AI raises liability and insurance questions for developers and deployers
Insurance companies anticipate multi-million-dollar claims if AI developers are sued over AI wrongdoing. Recent examples of AI autonomously hacking third-party systems and evading controls have increased concern about liability cases for both developers and deployers.
Posted inArtificial Intelligence
Boards put AI investments at risk due to lack of knowledge and skills, PwC survey finds
Companies risk wasting their AI investments because boards don’t rate the information underpinning the strategy and directors don’t understand how the technology works or creates value.
Posted inArtificial Intelligence
FCA warns AI may reveal more cyber vulnerabilities firms can cope with
The UK’s financial regulator has warned that the rapid pace of AI development is revealing vulnerabilities in firms’ cybersecurity arrangements because their existing controls cannot keep up with the risks new technology can either create or exploit.
Posted inTop Stories
Smart ring founder faces years in prison for lying to investors
The founder of a “smart ring” startup company was found guilty of lying to investors to further her nearly $2 million Ponzi scheme, the DOJ announced.
Posted inBest Practices
How modern investigations actually solve data leaks: Attribution, whistleblowing, and the limits of AI
When confidential information appears in the media, reaches a competitor, or surfaces anonymously online, many organizations assume the source will never be identified. Yet while today’s workplace is more complex than ever, it is also more heavily documented.
Posted inArtificial Intelligence
EU’s financial regulator prioritizes AI, tokenization as key risks for 2027
The EU’s main financial regulator has made AI and tokenization—where assets are traded on blockchains rather than through traditional financial markets—key priorities for banking regulators in EU member states to focus on for 2027.