- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
A fake press release sent French construction firm Vinci into a downward spiral, provoking action from the Autorité des Marchés Financiers to get busy on reforms to prevent such damaging incidents.
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Fake news, in the eyes of the SEC, isn’t just a problem during election year. Over several decades, stock price manipulations have been predicated on rumors and hoaxes.
Breaches of the EU’s GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
