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AI: Complex Emerging Regulatory and Risk Concerns

Benham Dayanim, Patricia Titus and Heather West Discuss Critical AI Considerations
Heather West, senior director of cybersecurity and privacy services,Venable; Patricia Titus, chief privacy and information security officer, Markel Corp.; and Behnam Dayanim, partner, global head of digital commerce and gaming, Orrick, Herrington & Sutcliffe LLP

While AI is presenting intriguing opportunities for productivity and innovation, the tech world must grapple with serious regulatory, legal and related policy considerations, said privacy, security and legal experts Benham Dayanim, Patricia Titus and Heather West in this CyberEdBoard talk.

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Currently, the United States has no federal AI regulatory legislation in the pipeline, said Dayanim, partner and global head of digital commerce and gaming at Orrick, Herrington & Sutcliffe LLP. So, one critical question is whether policymakers might regulate AI by "overweighing risks and underweighting benefits, he said.

Yet at the same time, "AI as a broad umbrella term is not particularly useful for a regulatory regime," said West, senior director of cybersecurity and privacy services at Venable LLP.

Titus, chief privacy and information security officer at Markel Corp., also has concerns. The output of AI is only as good as the data that is fed in, she cautioned, and "people are going to start making risk-based decisions around data that may not be accurate."

"But if we govern too much, we're going to stifle innovation," Titus added. "As companies, we have to figure out what's ethical and responsible as we're using this new capability."

In this video interview with Information Security Media Group during a CyberEdBoard panel discussion at RSA Conference 2023, Dayanim, Titus and West also discuss:

  • Global regulatory developments involving AI;
  • Other important security and privacy considerations for AI;
  • The standards for training AI.

Dayanim serves as global head of digital commerce and gaming at Orrick, Herrington & Sutcliffe LLP. He has been ranked globally and nationally as a leading privacy, fintech and gaming attorney.

Titus previously served as vice president and CISO at Freddie Mac, Symantec, Unisys Corp. and the Transportation Security Administration within the Department of Homeland Security. She has expertise in transforming, implementing and maintaining robust cybersecurity and privacy programs.

West focuses on data governance, data security, digital identity and privacy in the digital age at Venable LLP. She has been a policy and tech translator, product consultant, and long-term internet strategist, guiding clients through the intersection of emerging technologies, culture, governments and policy.

CyberEdBoard is ISMG's premier members-only community of senior-most executives and thought leaders in the fields of security, risk, privacy and IT. CyberEdBoard provides executives with a powerful, peer-driven collaborative ecosystem, private meetings and a library of resources to address complex challenges shared by thousands of CISOs and senior security leaders located in 65 different countries worldwide.

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Information Security Media Group

Information Security Media Group (ISMG) is the world's largest media company devoted to information security and risk management. Each of its 37 media sites provides relevant education, research and news that is specifically tailored to key vertical sectors including banking, healthcare and the public sector; geographies from North America to Southeast Asia; and topics such as data breach prevention, cyber risk assessment and fraud. Its yearly global summit series connects senior security professionals with industry thought leaders to find actionable solutions for pressing cybersecurity challenges.

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