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Australia pushes for AI rules, focusing on oversight and accountability

CIO

The country’s Industry and Science Minister, Ed Husic, on Thursday, introduced ten voluntary AI guidelines and launched a month-long consultation to assess whether these measures should be made mandatory in high-risk areas. Businesses also called for clearer guidelines to confidently capitalize on the opportunities AI offers.

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Beyond the hype: Key components of an effective AI policy

CIO

An AI policy serves as a framework to ensure that AI systems align with ethical standards, legal requirements and business objectives. Algorithmic transparency and explainability AI systems often operate as ‘black boxes,’ making decisions that are difficult to interpret. Providing such clarity builds confidence in AI decision-making.

Policies 299
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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. Open banking is the only way you can set systems like agency banking, mobile banking and use dollars.”. Traditional banking is fading away,” he says.

Banking 299
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4-Step guide to avoid e-invoicing penalties around the globe

CIO

Staying on top of these changes is crucial, as not abiding by the new rules may pose a serious problem – not only due to disrupted communication with your clients and partners but also because of the penalties that certain countries plan to impose on taxpayers who issue incorrect invoices.

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US lawmakers advance bill to close loopholes in AI export controls

CIO

The House Foreign Affairs Committee has advanced a bill that would enhance the White House’s ability to regulate the export of AI systems, amid ongoing efforts to tighten grip on key technologies. This is why safeguarding our most advanced AI systems, and the technologies underpinning them, is imperative to our national security interests.”

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Navigating genAI responsibly: 3 actions CIOs can take now

CIO

Leaders have a profound responsibility not only to harness AI’s potential but also to navigate its ethical complexities with foresight, diligence, and transparency. This means setting clear ethical guidelines and governance structures within their organizations. Ethics, governance, and regulation come up in almost every conversation.

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Cybersecurity Snapshot: Schools Suffer Heavy Downtime Losses Due To Ransomware, as Banks Grapple with AI Challenges

Tenable

And get the latest on AI-system inventories, the APT29 nation-state attacker and digital identity security! Most schools faced astronomical recovery costs as they tried to restore computers, recover data, and shore up their systems to prevent future attacks,” reads a Comparitech blog about the research published this week.