Mitigating Compliance And Litigation Risks Of Evolving Tech

Artificial intelligence, quantum computing and other technological advances will accelerate and continue to amaze in the coming years.

They will open up exciting new opportunities while presenting profound regulatory, litigation and reputational risks for companies and national security risks for countries. At the same time, geopolitical instability will continue to drive cybersecurity threats — although technological advances may supercharge those threats.

The key to success in 2024 will be maximizing the upsides of new technologies while proactively mitigating their risks.

Forward-looking organizations will move quickly to establish robust internal AI safeguards and external assessments; enhance efforts and formalize board engagement on cybersecurity and resiliency; and review privacy policies and disclosures in light of new technologies, new legislation and new regulations.

They will also prepare for enterprising class action theories and consumer protection challenges. Public and global companies will also need to efficiently and effectively manage a host of crosscutting and proliferating disclosure obligations, with ever tighter timelines for notification.

In this article published by Law360, Eversheds Sutherland’s US Data Privacy, Security and Technology team reviews some of the key trends in 2023 to preview what's likely to develop, with greater impact, in 2024.

 

Publication: Law360

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