The European Union’s new legislation is the first of its kind — and has global reach On December 8, 2023, the European Union made a significant step in digital governance by introducing the first set of comprehensive artificial intelligence (AI) regulations. This legislation, poised for a European Parliament vote by early 2024, is first out of the gate in regulating AI.
This week, the European Union (EU) reached an agreement on the EU Cyber Resilience Act (CRA). See if your product must comply, how to comply and what is exempt.
EU law is changing for hardware and software makers. Here's your 2-minute summary of the Cyber Resilience Act.
Because data privacy has become a paramount concern, the General Data Protection Regulation, more commonly known as GDPR, was introduced as a pivotal milestone in safeguarding personal information. As businesses worldwide grapple with the profound implications of this regulation, understanding GDPR compliance has never been more critical.
The European Commission has introduced the Digital Operational Resilience Act (DORA) to bolster the digital infrastructure of the financial sector within the European Union (EU). As part of the EU's wider digital finance strategy, DORA's objective is to create a comprehensive framework governing digital operational resilience. Financial institutions must ensure full compliance with DORA by January 2025.
Companies used to have an easier time complying with regulations, but compliance has really never been a straightforward endeavor. In the past, there was one set of rules for businesses to obey, the local rules in the place where companies do business. If the business expanded into new parts of the world, they would have to comply with new rules, but these would apply only to those new territories. The global economy means an end to this approach.
Organizations in Europe are currently facing the challenge of reducing energy consumption and improving sustainability in light of the European Green Deal. The EU Green Deal has been approved by the European Commission which focuses on decreasing greenhouse gas emissions by 55% compared to the 1990 levels by 2030. Europe is striving to be the first climate-neutral continent by 2050.
