What the EU AI act means for cybersecurity teams and organizational leaders

On March 13, 2024, the European Parliament adopted the Artificial Intelligence Act (AI Act), establishing the world’s first extensive legal framework dedicated to artificial intelligence. This imposes EU-wide regulations that emphasize data quality, transparency, human oversight, and accountability. With potential fines reaching up to €35 million or 7 percent of global annual turnover, the act has profound implications for a wide range of companies operating within the EU. The AI Act categorizes AI systems according to the risk they pose, with stringent compliance required for high-risk categories. This regulatory framework prohibits certain AI practices deemed unacceptable and meticulously outlines obligations… [Continue Reading]