The Israeli Competition Authority recently signaled, in a conference celebrating its 30th anniversary, that the regulatory Merger Directive may soon be updated to weigh the factor of data ownership concentration mergers approval application, even when the merging companies are not in direct competition.
Data ownership concentration was a pivotal concern for the regulator in its decision to deny the merger ...
The European Union Directive on liability for defective products came into force in December 2024 and will become effective from December 2026. It establishes common rules for the liability of economic operators for damages caused by defective products. The directive aims to enhance the EU market and ensure high consumer protection by addressing innovative technologies such as AI and global ...
The Irish Data Protection Commission (DPC) hit Meta Platforms Ireland Limited (MPIL) with a fine of €251 million following two inquiries into a 2018 data breach. The breach affected approximately 29 million Facebook accounts globally, with about 3 million of those accounts based in the EU/EEA. The personal data exposed included users’ full names, email addresses, phone numbers, locations, places ...
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 European Data Protection Board (EDPB) issued a detailed opinion on privacy implications for AI models under the GDPR. The opinion outlines key considerations including the application of the GDPR to AI Models trained on personal data, the applicability of the “legitimate interest” legal basis for training AI models on personal data, and the implications for AI models unlawfully trained ...
Australia has enacted a new law designed to improve cyber security for the country. The law addresses several key areas including mandatory security standards for internet-connectable products, ransomware reporting obligations, information sharing for significant cyber incidents, and the establishment of a Cyber Incident Review Board.
The law mandates security standards for relevant internet-connectable products. Manufacturers and suppliers of these products ...
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, ...
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