Integrating AI is more than just picking an AI solution. Counsels need to ensure they take a strategic approach to integrating this technology and understand the business and financial crime risk exposures they may face.
With the threat landscape changing quickly, security awareness training should include more than just a click-through video. There needs to be a focus from leadership on protecting firm assets and a near constant diligence on ensuring users know and understand the risks and how they might be compromised.
The scale and scope of e-discovery today leaves legal professionals scouring the vendor world for help, which often subjects them to complexity and, frankly, smoke and mirrors. Yet the introduction of AI and other automation-based technologies may now be cutting through some of that mystery.
A decision in the SEC's enforcement case against Ripple Labs was hailed as vindication for the industry's position that the SEC lacks the proper legal authority to regulate crypto. However, several conflicting rulings followed. So where does the crypto industry go from here? The answer is not so simple.
The court's unwillingness to issue a final decision at this early stage indicates how much is at stake for social media moderation of users' postings. The outcome could set a crucial precedent affecting the regulation of content on social media platforms, influencing how these entities manage user-generated content and exercise their editorial discretion.
Amazon and Starbucks were granted a motion to dismiss most claims against them in a proposed class action alleging that the companies illegally tracked consumers' biometric information.
The FTC describes "surveillance pricing" as a "new frontier" made possible by advances in artificial intelligence and machine learning. The agency says it wants to learn how surveillance pricing affects privacy, competition and consumer protection.
While law firm marketing professionals are apt to experience cognitive load, the squeezing of marketing departments to do more with less is certainly exacerbating the potential for cognitive load and making the case for AI even stronger.
Warren Buffett's wisdom rings true: "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." In our current landscape of social media and viral content, a brand's reputation — its most valuable asset — can be severely damaged in mere seconds.
The fight against financial crime is becoming increasingly complex. The increasing prominence of AI also means that firms may leave themselves exposed to unexpected risks if they do not carefully consider the quality of the data that fuels the AI system.
