Since its inception in May 2018, the GDPR has set a global benchmark for data protection laws, ensuring organizations respect the privacy of EU residents.
According to 4CRisk.ai, this regulation has evolved from being merely a regulatory framework to a critical operational focus for businesses, characterized by significant penalties for non-compliance.
In July 2024, the landscape of regulatory compliance was further complicated with the introduction of the EU AI Act.
This new legislation is designed to ensure that artificial intelligence systems, particularly those classified as high-risk, are developed and deployed in ways that protect health, safety, and fundamental rights, including privacy.
Organizations now face the daunting task of complying with both the established GDPR and the emerging EU AI Act.