Data professionals working in financial services firms are being prevented by their legal teams from repurposing customer data for secondary use, with the two departments seemingly at loggerheads, according to new research.
With GDPR’s two-year anniversary looming, it seems that smaller firms have yet to get to grips with large swathes of the regulation, with more than a third believing GDPR does not apply to the customer data they hold and just under half (49%) under the impression it does not apply to online browsing data either.
Organisations should set up data governance frameworks, monitor for algorithmic fairness and be ready to add or remove data on different groups in order to eliminate bias in the use of artificial intelligence.
The Irish Data Protection Commission - the lead privacy authority across the EU - has revealed that employee gaffes remain the biggest threat to companies’ data systems, with cybersecurity incidents accounting for just 3.5% of breaches.
The UK does not need a single dedicated regulator for artificial intelligence but all regulators - from financial services, marketing and data protection - must adapt to the technology and the challenges their sectors face.
The Government is to introduce new legislation to protect millions of users of internet-connected household items from the threat of cyber hacks, forcing manufacturers to tighten up their privacy procedures.
The Information Commissioner’s Office has published its Age Appropriate Design Code – a set of 15 standards designed to protect children’s privacy online - that carry GDPR-style penalties for serious breaches.
The man who spearheads Google - a company which has spent hundreds of millions of dollars, if not billions, developing artificial intelligence systems - has joined calls for AI regulation, although perhaps unsurprisingly has demanded "a sensible approach".
Companies are being urged to study the detail of the first GDPR penalty issued by the UK Information Commissioner’s Office to ensure they learn from the case after London pharmacy Doorstep Dispensaree has been fined £275,000 for failing to ensure the security of special category data.