A new European Product Liability Directive (the “PLD”) now applies to digital and AI-based products. It replaces its predecessor from 1985. The PLD defines rules of evidence and liability for compensation for property damage, personal injury, and data loss. It applies to any company in the supply chain of software and artificial intelligence (AI) systems to the European Union market, ...
An interdepartmental task force in Israel has released a draft interim report for public consultation addressing the integration of artificial intelligence (AI) in the financial sector, associated risks from predicted use in decision-making or human interactions, and proposed regulatory measures. The consultation period will end on December 15, 2024.
Key issues highlighted by the task force include transparency and explainability, ...
The U.S. Department of Justice (DoJ) has released a draft of new regulations aimed at restricting government agencies and private entities from transferring sensitive personal data to countries deemed adversaries to the U.S., namely China, Russia, North Korea, Iran, Venezuela, and Cuba. These rules are designed to implement a presidential executive order from February 2024.
The draft regulations target categories ...
The UK Information Commissioner’s Office (ICO) has published a report outlining recommendations for the fair and lawful use of artificial intelligence in screening job applicants. Following a sector-wide review, the ICO emphasized the importance of fairness, data minimization, and increased transparency in processing personal information for recruitment purposes.
AI tools can streamline recruitment by filtering unqualified candidates, scoring applicants against ...
Israel’s Supervisor of Banks has released a new directive – Proper Conduct of Banking Business Directive No. 364 – which consolidates and replaces three previous directives on information technology management, cybersecurity, and data protection (Directives 357, 361, and 363). This comprehensive update reflects the banking sector’s need to deal with the growing sophistication of cyber threats and the evolving privacy ...
The U.S. Federal Trade Commission (FTC) has announced a new "Click to Cancel" rule, mandating that businesses offer consumers a simple and straightforward way to cancel subscriptions at least as easily as signing up. The rule, primarily targeting "negative option" programs—where subscriptions automatically renew unless actively canceled by the consumer—will mostly come into effect in March 2025, 180 days after ...
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