Fede Nolasco, Strategy, AI, Architecture and Data

EU Directives on AI Liability and Product Liability

Posted by Fede Nolasco | Jan 29, 2023 | AI LAW

The European Commission has proposed new directives to address liability issues related to AI systems in the EU, aiming to provide legal certainty and adapt existing rules. The proposed AI Act, AI Liability Directive (ALD), and updated Product Liability Directive (PLD) will significantly impact developers, manufacturers, and suppliers in the EU. The directives establish strict liability for harm caused by defective AI products and introduce a presumption of causality against developers, providers, or users of AI systems. They also introduce a disclosure obligation for high-risk AI systems. The directives are subject to approval and will be incorporated into local laws within two years.

The EU Council approves its revisions to the draft EU Regulation on Artificial Intelligence

Posted by Fede Nolasco | Jan 25, 2023 | AI LAW

The Council of the EU has adopted a common approach to the AI Act, ensuring AI systems in the EU are safe and comply with fundamental rights. The revised draft is more business-friendly than the EC plan, with limited scope and reduced penalties for SMEs. Europe prioritizes AI regulation, with the AI Act working alongside existing regulations. The EC proposed the AI Act in 2021, covering all EU providers and users of AI systems. The Council has made changes to the scope, definition, prohibited and high-risk AI practices, transparency and accountability, training data and bias detection, and fines for SMEs. The next step is for the Parliament to amend the Proposal before trilogues can begin, with the law potentially entering into force by the end of 2023.

ISO 27018 for cloud service providers

Posted by Fede Nolasco | Jan 14, 2023 | Standards

Discover what ISO/IEC 27018 is and its objectives. This international standard ensures privacy in cloud computing services, aiding PII processors and increasing security for consumer data.

What exactly is the ISO 29100 Privacy Framework?

Posted by Fede Nolasco | Jan 6, 2023 | Standards

ISO/IEC 29100 establishes a privacy framework for safeguarding PII in ICT systems. It applies to both organizations and individuals. Learn more here.

Why every firm should update to ISO 27001

Posted by Fede Nolasco | Dec 19, 2022 | Standards

Learn how ISO 27001 certification can protect your organization from cyberattacks and data breaches. Upgrade to the updated controls for maximum security.

Australia’s largest financial group uses the ‘XRP standard’

Posted by Fede Nolasco | Nov 25, 2022 | Markets

CommBank, Australia’s largest financial institution, will use Ripple’s XRP and ISO 20022 for cross-border payments, simplifying transactions. RippleNet has already joined ISO 20022 Standards Body, making it the first member focused on DLT. This standard is also embraced by Stellar Lumens. ISO 20022 will revolutionize digital assets and fiat money systems, with the potential for regulatory change.