Data Protection & Privacy

Recent Articles

•  

  04/12/2024

  Hungary

  Hungary to introduce new statistical classification for economic activities on 1 January 2025

  As of 1 January 2025, a new version of the statistical industrial classification of activities (NACE’25) will replace the currently applicable classification system (NACE’08). The change was mandated by EU legislation, and as a result from 1 January 2025 economic activities pursued by Hungarian companies must be classified according to the new NACE’25.Hungary’s parliament has just adopted the act outlining the obligations of Hungarian companies regarding the upcoming changes to the activity-classification system specified below.Until 31 January 2025, the National Tax and...

  Read more
•  

  18/11/2024

  Europe

  EU cybersecurity agency opens consultation on draft NIS2 guidance

  On 7 November 2024, the EU Agency for Cybersecurity (ENISA) published for industry consultation the draft implementing guidance to support relevant entities to implement technical and methodological requirements under Directive (EU) 2022/2555 (NIS2 Directive) and the Commission Implementing Regulation (EU) 2024/2690. Importantly, neither the Draft Implementing Guidance nor the final version of the guidance will be legally binding on entities falling under the NIS2 Directive and the Commission Implementing Regulation. The purpose of the Draft Implementing Guidance is to help national competent...

  Read more
•  

  13/11/2024

  Europe

  CMS Data Protection Update, November 2024

  I. The latest from the data protection authorities and current topics1. EDPB: Coordinated Action in 2025In October 2024, the European Data Protection Board (EDPB) announced the topic for the next Coordinated Action of Data Protection Authorities. In 2025, the focus will be on the implementation of the right to erasure pursuant to Art. 17 General Data Protection Regulation (GDPR) by data controllers, also known as the "right to be forgotten". The aim of the action is to analyse and compare the processes put in place by data controllers, identify the main problems in complying with this...

  Read more
•  

  13/11/2024

  South Africa

  Impact of AI on insurance underwriting: the use of AI in tailor making insurance policies

  The 1940s marked the beginning of the use of Artificial Intelligence ("AI") with the decoding of the Enigma machine following World War II, although its use in the insurance industry was only implemented during early 2010 to enhance efficiency and reduce costs by analysing vast quantities of data. It has since been employed in claims processing, customer service, and risk assessments. Despite the fact that insurers pay large sums in claims annually, a small percentage of claims are denied, primarily due to omitted or inaccurate information submitted during the underwriting process.Underwriting...

  Read more
•  

  11/11/2024

  South Africa

  Using Artificial Intelligence to prevent fraud in South Africa

  In a time where technology is front and centre, there is no question that artificial intelligence (AI) is transforming the world, especially in the insurance industry. On the one hand, fraudsters are committing insurance fraud through the use and manipulation of AI systems and on the other hand, insurance providers are using it to prevent fraudulent claims.In 2022, insurance providers in South Africa detected approximately 8 931 cases of insurance fraud and dishonesty and prevented R1.1 billion losses which would have affected the insurance industry as a whole. Despite this, one cannot ignore...

  Read more
•  

  07/11/2024

  Australia

  Australia’s Cyber Security Bill 2024: A New Era of Digital Defence

  The Australian government has introduced the country’s first standalone cybersecurity law to Parliament – the Cyber Security Bill 2024 (the “Cyber Security Bill”), representing a significant step towards bolstering the nation’s cyber defences and aligning with international best practices.Key Provisions of the Cyber Security BillA. Mandatory Cyber Security Standards for Smart DevicesOne of the cornerstone initiatives of the Cyber Security Bill is the introduction of mandatory security standards for Internet of Things devices. These standards are designed to ensure...

  Read more