Risk

Navigating the Complex Maze of Online Data Privacy Regulations: An Added Challenge for Risk Managers

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New York, NY — Online data privacy regulations are becoming increasingly complex for risk managers as states and countries introduce new measures. Anthony Dagostino, the New York-based global cyber chief underwriting officer for Axa SA, stated that staying up-to-date with regulatory issues is crucial for both underwriters and policyholders. Differing incident notification laws across US states present an additional challenge. Currently, 13 states have comprehensive privacy laws, while several others are in the process of developing legislation. The variability between state regulations makes it challenging for risk managers to respond to breaches effectively. Kristen Peed, … Read more

Flock Safety Faces Legal Trouble as AI-Powered License Plate Readers Violate State Laws, Putting Driver Safety at Risk

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Tampa, Florida – Flock Safety, a company that uses AI-powered license plate readers for law enforcement purposes, has come under fire for violating state laws related to driver safety. According to local officials in multiple states, Flock installed surveillance cameras without the necessary permits, posing potential safety risks. In February 2023, Flock installed AI surveillance cameras on John’s Pass Bridge in Florida on behalf of the Treasure Island Police Department. However, the cameras were flagged for breaking state rules as they were placed without approval from the Florida Department of Transportation. The department later requested … Read more

Distinguished Risk & Compliance Specialist Shares Insights on Digital Transformation Strategy and Governance

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SINGAPORE (AP) — Julia, a partner at PwC Singapore’s Digital Regulatory Risk & Compliance practice, brings more than 20 years of experience in advising banks, wealth managers, capital markets intermediaries, and non-FIs on digital transformation strategy and risk management. Her expertise lies in connecting the dots and co-creating tailored solutions for clients. Throughout her career, Julia has held various leadership positions, including private banking industry lead and digital transformation services leader. She has also played an active role in giving back to the community through board directorships and mentoring. Outside of her work with clients, … Read more

Lawsuit Challenges California’s New Greenhouse Gas Emissions and Climate Risk Disclosure Laws

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SAN FRANCISCO, California – A lawsuit has been filed challenging California’s new laws that require businesses to disclose their greenhouse gas emissions and climate-related financial risks. The Climate Corporate Data Accountability Act and the Climate-Related Financial Risk Act were signed into law recently, mandating annual and biennial disclosures respectively. The U.S. Chamber of Commerce and several other organizations filed the lawsuit, arguing that the laws violate the First Amendment and that federal regulations preempt California’s ability to regulate emissions in other states. The U.S. Chamber of Commerce, along with the American Farm Bureau Federation, California … Read more