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Looking back, 2024 was the year of AI governance. At Schellman, we dove in headfirst and became the first ANAB ISO 42001-accredited Certification Body. We also started to see AI regulation come online internationally with the EU AI Act, as well as here in the U.S., where certain states also published their own AI regulation. While we're still lacking federal-level legislation—which may still come in the future—we also anticipate that this state-by-state patchwork of AI laws will expand.

(Schellman CEO) Avani Desai here. Let's talk about something that can make or break your business...DORA. Otherwise known as the Digital Operational Resilience Act, DORA is set to redefine how financial institutions and their critical third-party providers manage digital threats.

If you’ve not yet heard, the NIS2 Directive—an increasingly critical cybersecurity regulation for organizations across the EU—is set to go into effect on October 17th. That means that Member States must adopt and publish the necessary cybersecurity measures by October 17, 2024, and apply them from October 18, 2024, onward—so, is your organization ready?

In this video, Doug Barbin, President and National Managing Principal at Schellman, and Anil Markose, Chief Strategy Officer at Abacode, discuss the theme of trust in the context of cybersecurity and compliance. Join Doug and Anil as they delve into the challenges posed by the current audit-based trust mechanism, particularly in a rapidly evolving IT landscape characterized by innovations like AI and DevOps.