Data Privacy Happenings ๐ฐ
Hello from MineOS's monthly newsletter, The Privacy Mindset! ๐
2023 was quite the year for data privacy; regulation surged globally, GDPR fines and violations both hit record highs, and society realized quickly how much trouble AI could pose to both data privacy and protection. This year, while not quite over yet, has seen the industry take a collective breath to recooperate, hopefully with the intention of a leap forward in 2025.
GDPR fines are considerably down compared to 2023, the US again failed to pass a federal comprehensive data privacy law, and despite amendments and progress to data privacy laws in countries like India and Israel, no major new global economy has seen legislation passed 3/4s of the way into the year.
The reason for this respite? Artificial Intelligence.
If 2022 shocked the world with where the state of AI currently stands, 2023 brought corresponding concerns and 2024 has had those concerns acted upon.
The EU passed the world's first comprehensive AI legislation, the EU AI Act, the US has similarly gotten caught up in AI hype and hysteria, and much of the rest of the world awaits how much progress American tech giants will make in the AI race.
Is more AI regulation coming? Absolutely.
Will regulators start to crack down on the worst data privacy and security sins of AI development? Almost definitely (if nothing more than to send a message to all developers).
But the biggest bet is that data privacy and compliance is going to evolve to take on an even bigger role in organizations as it takes responsibility for AI initiatives.
We have already seen Chief Privacy Officers bearing the majority of the burden of AI governance, and with the high overlap in challenges between privacy and safe AI development, that trend is a surety to continue.
What does that mean for 2025 and beyond? Buckle up, it's going to be a crazy next few years.