And that’s not all … The Group of Seven (G7) industrial countries will agree on a code of conduct for companies developing advanced artificial intelligence (AI) systems. The voluntary code aims to promote safe and trustworthy AI worldwide, addressing privacy concerns and security risks. It will guide organizations in developing advanced AI systems and encourage measures to identify, evaluate, and mitigate risks throughout the AI lifecycle. Companies are urged to publish reports on AI capabilities, limitations, and misuse and invest in robust security controls. This is expected in the next week.
The United Nations has established an advisory team to assess artificial intelligence (AI) governance and ensure an inclusive approach. The team, consisting of 39 members from government agencies, private organizations, and academia, will address issues related to international AI governance. The move comes as consumers express concerns about businesses’ responsible adoption of AI and compliance with regulations. The UN aims to drive discussions on AI governance, integrate existing initiatives, and provide preliminary recommendations by the end of the year.
AND, Forty countries in a U.S.-led alliance are planning to sign a pledge never to pay ransom to cybercriminals and work towards eliminating their funding mechanism, according to a senior White House official. The International Counter Ransomware Initiative aims to address the growing number of ransomware attacks worldwide, with the United States being the worst hit. The initiative will involve better information sharing about ransom payment accounts and the creation of two information-sharing platforms. Partner countries will also share a “black list” of digital wallets used for ransomware payments, and artificial intelligence will be used to analyze blockchain for identifying illicit funds. That comes out of The White House hosting the Counter Ransomware Initiative summit this week.
We’re not just getting US regulation., MSPs can expect the establishment of international best practices in AI. This code could impact vendor selection, compliance, and risk management services. Adhering to such internationally recognized standards could also become a selling point for MSPs, although I’d note that’s likely true of adhering to any standards.
A multi-nation commitment to never pay ransoms will shift the dynamics of ransomware attacks. For MSPs, this emphasizes the importance of preventive measures and secure backup solutions, and being prepared to also never pay a ransom.