Navigating proposed regulations for large Language model tools As lawmakers worldwide propose regulations and guidance on large language model (LLM) tools such as ChatGPT and Google Bard, Gartner, Inc. has outlined four essential areas for general counsel (GC) and legal leaders to prioritize. These areas will help organizations prepare for…
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Following the recent major cyber incidents The Australian Prudential and Regulation Authority (APRA) has announced that it will be acting against Medibank Private following a review of a major cyber incident that occurred in October 2022. The action comes after APRA examined the incident and identified weaknesses in Medibank’s information…
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The investigation found that CBA had sent more than 61 million marketing emails to customers The Commonwealth Bank of Australia (CBA) has been issued a record penalty of $US3.55 million by the Australian Communications and Media Authority (ACMA) for violating Australia’s spam laws. An ACMA investigation revealed that CBA had…
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The inquiry will focus on nine services, which are subject to declarations set to expire in 2024 The Australian Competition and Consumer Commission (ACCC) has initiated a public inquiry to examine whether nine wholesale telecommunications services supporting broadband, voice, and data transmission should continue to be regulated. In Australia, telecommunication…
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Proposed order to require Amazon to pay $US25 million The Federal Trade Commission (FTC) and the Department of Justice (DOJ) have reached a settlement with Amazon regarding charges that the company violated the Children’s Online Privacy Protection Act Rule (COPPA Rule) and deceived parents and users of the Alexa voice…
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PwC Australia acknowledges the breach of trust and extends an apology to stakeholders PwC Australia has announced additional measures to strengthen the firm’s governance, accountability, and culture. The actions are being taken in response to ongoing investigations and aim to increase transparency and restore stakeholder confidence. The key areas of…
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OAIC and OPC are committed to conducting a thorough and comprehensive investigation The Office of the Australian Information Commissioner (OAIC) and the New Zealand Office of the Privacy Commissioner (OPC) have initiated a joint investigation into the personal information handling practices of the Latitude group of companies (Latitude). This collaborative…
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The information was presented at the European Stroke Organisation Conference Earlier this year, the European Data Protection Board (EDPB) issued a binding dispute resolution decision regarding Meta Platforms Ireland Limited (Meta IE), the company behind Facebook. The Irish Data Protection Authority (IE DPA) conducted an inquiry into Facebook’s service and…
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The unanimous verdict in favour of KPM reflects the strength of the evidence presented KPM Analytics, a global leader in scientific instrumentation and machinery for the food and agricultural industries, has announced a resounding victory in a recent jury trial involving trade secret misappropriation claims. The jury, after an extensive…
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Leaders should steer for responsible use of ChatGPT According to Gartner, legal and compliance leaders should address the following six risks associated with the use of ChatGPT and other large language model (LLM) tools: Fabricated and Inaccurate Answers: ChatGPT may provide incorrect information that appears plausible. Organizations should establish guidance…
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