Regulatory focus on technology risk

Public policy attention is being directed toward various elements directly related to the collection, maintenance, and use of data. These elements include privacy and security, cloud computing (primarily processing, such as data storage, networking, and analytics), and machine learning (ML) and artificial intelligence (AI). Recent public policy developments in each of these areas follow. Regulators are taking actions to outline the parameters and expectations for privacy practices as well as to enhance data governance and strengthen consumer protection. Many organizations are dependent on third-party vendors for the rapid deployment or scalability of technology applications, which gives rise to issues and risks related to governance and accountability.