EU AI Act and its Implication on Security Industry On 10 Mar 2024, European Union adopted AI Act marking the advent of first ever comprehensive legal framework for Artificial Intelligence on a global scale. Hailed as a "game changer" by some, it aims to balance the innovative potential of AI with ethical considerations and human safety. The Act classifies AI applications based on their risk level. "Unacceptable risk" applications, like social scoring systems similar to those used in China, are banned. "High-risk" applications, such as AI-powered recruitment tools, face stricter regulations to ensure fairness and prevent discrimination. Lower-risk applications are subject to lighter requirements. The EU AI Act will likely have a significant impact on the security industry operating within the European Union and outside. The direct impact will be on transparency in how AI systems used for security make decisions, focus on potential bias in data analysis or decision-making and therefore stricter Data Governance and Privacy Practices. The article highlights the nuances of EI Act and its impact on security as an industry in some detail. Asia Crisis & Security Group (ACSG)Overseas Security Advisory Council (OSAC)International Council For Industrial Security, Safety & ManagementCaerus3 Advisors & Think-TankASIS International
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Leading with Edge, Fortifying Future
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- 2024
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