Breaches of the EU’s ground-breaking General Data Protection Regulation (GDPR) can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act, the first phase of which begins in February 2025, will be just as far-reaching, and could potentially lead to similar numbers of cases. Meanwhile, increasing digital regulation is refocusing boards’ attention on data governance, including GDPR compliance.
The AI Act is expected to set a new global standard that others will follow, so even organizations that are not directly in scope should be paying attention.
