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By Abdelhay TOUDMA, Partner, Governance, Risk Compliance Leader Johann Lobo, Senior Manager, Governance, Risk Compliance, EY Luxembourg
While organizations already have established controls for third-party, cyber and data protection risks, AI introduces a new layer of challenges centering around design, algorithmic behaviour, data privacy protection and performance. Addressing these risks does not require entirely new frameworks, but the disciplined extension of existing risk management practices to embed AI-specific controls across the full system lifecycle, in line with the spirit of the EU AI Act.
Artificial intelligence has moved decisively into the operating core of modern organizations. It supports actual...
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