Quantum computing (QC) is poised to disrupt cybersecurity in ways that business leaders and legal professionals cannot afford to ignore. But what exactly is quantum computing, why does it pose such a significant threat to encryption, and what should businesses be doing about it today?
A new report issued in May 2024 by the Centre for European Policy Studies (CEPS), an independent thinktank, is the latest development to cause concerns over the EU-U.S. Data Privacy Framework (DPF), predicting that it will likely fail if challenged before the Court of Justice of the European Union (CJEU).
In this week’s edition of Consumer Protection Dispatch, we look at the latest regulatory developments from the U.S. Department of Commerce, Consumer Financial Protection Bureau, and the Securities and Exchange Commission regarding data and AI.
The United Kingdom hosted an Artificial Intelligence (AI) Safety Summit on November 1 – 2 at Bletchley Park with the purpose of bringing together those leading the AI charge, including international governments, AI companies, civil society groups and research experts to consider the risks of AI and to discuss AI risk mitigation through internationally coordinated action.
The UK and U.S. Governments have now formalized the UK-U.S. Data Bridge. The U.S. Attorney General designated the UK as a “qualifying state” for the purposes of the Executive Order 14086 on September 18, 2023, and the UK regulations implementing the Data Bridge are scheduled to take effect on October 12, 2023. From October 12, 2023, the Data Bridge will therefore operate as an extension of the EU-U.S. Data Privacy Framework (DPF) to enable the unrestricted movement of personal data between the UK and certified U.S. entities. For more information about the DPF, see our earlier briefing here.
Alicia McKnight and Brian Finch urge energy industry players to evaluate cybersecurity risks posed by increasingly interconnected and internet-enabled power grids in an article which was published in the latest edition of Pratt’s Privacy & Cybersecurity Law Report.
In this week’s News of Note, ransomware attacks break records and wipe data for a majority of a cloud provider’s customers, while one RaaS case delivers useful details about cybercriminal techniques and tactics. Also, the development of algorithms to protect against quantum computers continues, facial recognition software nabs an elderly criminal, and more.
Although that new smart refrigerator might seem like a fun gadget and great way to sync up grocery lists, smart appliances have the potential to become vectors in malicious power grid attacks. Or what about the increasingly popular addition of a solar plus storage solution or an EV charging station in individual homes? These home energy hubs, connected to the power grid and often linked with a host of devices via a mobile phone, pose another layer of risk that is only beginning to be explored. As the World Economic Forum draws attention to a worldwide “cyber pandemic,” electrical grid breaches remain an ongoing point of alarm. Power grids are more exposed than ever to cyberattacks, thanks in part to the vast expansion of (often poorly secured) consumer internet-connected devices, large remote-work networks and new smart grid technologies that connect power meters remotely to aging grid infrastructure. As we look to the future, the rapidly evolving technologies that are necessary to enable distributed energy resources and virtual power plants, such as residential energy storage, home energy hubs and EV bidirectional charging (V2H, V2G or V2X), have the potential to dramatically redefine those risks—for the better or the worse.
In today’s News of Note, anxieties continue to grow over AI-generated art, effective cybersecurity for the high-tech era, and the impact of facial recognition and gunshot detection technology on human rights.
Artificial intelligence has long since evolved from a technology with exciting potential to a near ubiquitous and integral component in the day-to-day conduct of many businesses. Take the automotive and aerospace industries—each is undergoing massive changes and movements toward more competitive, efficient and innovative uses of technology and AI in order to meet consumer demands, create more efficient factories, optimize supply chains, and achieve better performance in operations and production. Using modern software and AI has become essential across many companies.
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