OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s General Data Protection Regulation (GDPR). Italy’s data protection agency, the Garante, fined OpenAI 15 million euros (about $15.6 million), saying it found...
The Dutch Data Protection Authority (Dutch DPA) fined Netflix 4.75 million euros (about $4.95 million), saying that between 2018 and 2020, the company did not give its customers enough information about what it does with their personal data. The regulator said Netflix violated the General...
If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services, eCommerce and digital platforms, companies looking to navigate the complex landscape of data privacy, financial regulations and cybersecurity, are finding...
This has been the year of enterprise artificial intelligence (AI). From healthcare and financial services to government agencies, critical sectors around the globe are embracing the benefits that large language models (LLMs) and other AI systems can provide when it comes to driving efficiencies, enabling...
June 24, 2024
Every time you swipe a credit card, click on a website or carry your phone, you leave behind digital breadcrumbs. For most people, this trail of data seems insignificant. But to a growing army of analysts, it’s a potential goldmine. Welcome to the world of data mining, where researchers sift through mountains of information to […]
September 28, 2023
Ashley Eisenberg, data privacy officer at Forter, told PYMNTS in a recent interview that as companies do business across borders, data access — and protection — are top of mind....
January 04, 2023
Ireland’s Data Protection Commission (DPC) says Meta’s ad-centric business model is noncompliant with European regulations. That’s according to a public statement released Wednesday (Jan. 4) outlining the commission’s final decision...
November 03, 2022
Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and detecting fraud. Faced with this...
February 11, 2025
Vice President JD Vance has reportedly warned Europeans against overregulation of artificial intelligence (AI). Speaking Tuesday (Feb. 11) in Paris, Vance also dismissed AI content moderation as “authoritarian censorship,” and said the U.S. intended to remain at the top of the AI ladder. “We believe that excessive regulation of the AI sector could kill a transformative industry,” […]
December 20, 2024
OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s General Data Protection Regulation (GDPR)....
December 18, 2024
The Dutch Data Protection Authority (Dutch DPA) fined Netflix 4.75 million euros (about $4.95 million), saying that between 2018 and 2020, the company did not give its customers enough information...
August 26, 2024
Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data. The fine from the Dutch Data Protection Authority (DPA) stems from an...
