The European Union's Artificial Intelligence Act (AI Act) is the first regulation of its kind globally. It provides a comprehensive legal framework that effectively regulates the development, deployment, use, and maintenance of AI systems across the EU.
The AI Act, which came into force on 1st August 2024, applies to various stakeholders, including providers, deployers, importers, and distributors of AI systems. The AI Act adopts separate risk-based and purpose-based approaches toward the classification of AI systems and accordingly imposes different obligations.
The designated national authorities within each member state will ensure compliance with the Act. Meanwhile, the European Artificial Intelligence Board (EAIB) will oversee coordination across Europe and offer essential guidance and other resources.
Securiti enables organizations to comply with the AI Act through AI-driven PI data discovery, DSR automation, documented accountability, enhanced visibility into data processing activities, and AI-driven process automation.
Securiti supports enterprises in their journey toward compliance with the AI Act through automation, enhanced data visibility, and identity linking.
Request a demo today to learn how Securiti's products and offerings can help your organization with its compliance efforts.
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Automate the regular assessments of all data collection, automation mechanisms, and integrated processes to ensure they remain compliant with the AI Act provisions via a common set of controls and tests.
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Automate your privacy policies and transparency notices with the help of pre-built templates that are updated in real-time to ensure compliance with the relevant regulatory requirements.
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Track data flows across your organization’s data infrastructure and integrated AI systems. Appropriately trace, catalog, transfer, and document the data flow in real-time.
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Automate assessments with the help of Securiti's multi-regulation, collaborative system that enables you to leverage pre-built compliance templates, review responses, track each assessment's progress in real-time, and share assessments' insights and results with third parties whenever necessary.
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Automate the process of submitting and responding to individuals’ DSR requests, along with meaningful explanations and resources on the role of AI systems involved in decision-making that may affect them. Furthermore, reduces the risk of compliance violations by automating the delivery and generation of secure data access reports while also reducing the workforce required to comply with all requests by leveraging pre-built templates and notification extensions.
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Automate security incident response notifications to all concerned stakeholders as soon as legally obliged by leveraging a knowledge database on security incident diagnosis and response.
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Gain comprehensive visibility and auto-remediate potential misconfigurations in data assets across public clouds, data clouds, SaaS, and on-premises environments, in addition to contextual data insights, by leveraging a library of rules based on vendor recommendations, industry standards, and best practices.
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Ensure training and awareness on privacy and AI requirements for staff and other personnel as per their technical skills, experience, and educational background.
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Automate the assessment of all AI vendors’ relevant compliance obligations that affect you via the centralized dashboard that also allows for seamless collaboration to manage contracts, ensure compliance, and impose all necessary liabilities.
Here are some key facts to know about the AI Act:
The AI Act adopts a risk-based approach and categorizes AI systems based on the inherent risk posed by their application and usage. Based on the risk, a system can be categorized into high-risk AI systems, prohibited/ unacceptable AI systems, or specific systems with specific compliance requirements;
Each risk level has different corresponding regulatory obligations, meaning organizations' requirements and responsibilities under the AI Act will depend on their AI system's risk level;
AI systems that present unacceptable risk will be banned from February 2025;
The AI Act generally prohibits the user of real-time biometric identification systems such as facial recognition in public spaces, apart from a few exceptions for matters of national security or serious crime protection;
All AI systems deemed as "high-risk" must be designed to allow for human oversight and will be subject to conformity assessments before being placed on the market;
National authorities within EU member states, in tandem with the European Artificial Intelligence Board (EAIB), will oversee and enforce the AI Act;
Non-compliance with the AI Act's provisions can result in heavy fines that can reach up to €35 million or 7% of global annual turnover for companies that violate the law, whichever one is higher;
The AI Act is meant to complement other digital regulations within the EU, especially the GDPR, to ensure all deployed AI systems respect data privacy, security, and protection standards.
At Securiti, our mission is to enable organizations to safely harness the incredible power of Data & AI.
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