No Match Found
Building trust in technology is complex work. Regulators and policymakers — keen to build new guardrails for a digital society — stand on largely unfamiliar ground. They often take different, sometimes contradictory, approaches because they have different missions and visions. At the global level, regulatory divergences reflect profoundly different value systems.
Through Next Move, PwC's monthly publication, we provide context to policy and regulatory developments in technology and offer guidance on how organizations can adapt.
The Biden administration issued a landmark directive on artificial intelligence, a big step towards defining how the fast-moving technology will be used and regulated. It calls for new standards, funding, training and enforcement to mitigate AI risks, while also paving the way for the technology's widespread adoption. To prepare, companies should understand the potential impacts, assess the risks and opportunities, and prepare for compliance.
The EU’s Digital Services Act (DSA) will soon apply to a second wave of online platforms, search engines and other intermediary services. Chief among its requirements is transparency reporting. To prepare, these companies should strengthen their data governance and controls, document their workflows and build a sustainable compliance transparency framework.
California's Delete Act will create a one-stop mechanism allowing state residents to force all data brokers to delete their personal information. Although the mechanism won't be operative until 2025, affected companies face a heavy compliance lift. They’ll need strong data governance and process scalability to handle a potential deluge of delete requests.
Federal guidance encourages critical infrastructure organizations to secure their operational technology (OT), a broad range of systems and devices that interact with the physical environment. To mitigate OT's unique security risks, companies should identify and plan to address their vulnerabilities, coordinate their OT and IT teams, and socialize OT risks across the organization.
US Advisory Principal, Banking and Capital Markets, PwC US
Cyber, Risk and Regulatory Marketing Lead Partner, PwC US
Cyber & Privacy Innovation Institute Leader, PwC US