In a connected economy, data is a valuable commodity. As such, it becomes increasingly critical to comply with the ever-more complex web of data privacy laws and other data regulation, and prepare for and manage data security incidents.
As the General Data Protection Regulation (GDPR) has ramped up data protection stakes, introducing increased penalties for data breaches, the rapid evolution on artificial intelligence (AI) and its expanding regulation suggest the need for building additional adaptable compliance frameworks to avoid potential fines for non-compliance of up to 40 million euros or 7% of the annual turnover, whichever is higher, according to the EU AI Act adopted in May 2024.
Join us for a virtual lunch event with Clyde & Co’s data privacy experts Jan Spittka and Pierre Affagard for a discussion on the fresh challenges for insurers and businesses seeking to make the most of the opportunities of data and allied technologies, caused by a mix of merging capabilities, new regulations and technological trends.