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Algorithmic decision-making, and other forms of predictive tools have become embedded in our daily lives. AI is used to automate compliance processes in the financial services industry, facilitate medical diagnoses, drive personalised digital marketing campaigns and monitor worker performance. Yet while AI offers huge opportunities for organisations, it also presents new ethical and regulatory challenges that need to be both understood and addressed.
Some of the most widely discussed challenges include the potential for algorithmic bias, undetected performance issues which inadvertently cause harm to individuals, and privacy risks resulting from the heavy reliance on personal data.
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Euromoney and its group companies are committed to respecting the privacy of every person who visits, registers with or subscribes to our websites, publications, events and other products or services, or about whom we otherwise collect personal data.
Euromoney Institutional Investor PLC is the data controller of personal data collected through this website (www.euromoneyplc.com). If you are a customer or user of another Euromoney group website or service, then the Euromoney group company which operates that website or service will be the data controller of personal data collected through that website or service. Therefore, it is possible that more than one Euromoney group company will be a controller of your personal data. You may contact any of these companies directly, or you can contact Euromoney by
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Data related collective actions can generally be divided into two broad categories: (i) “unauthorized use of personal data” cases, where the firm controlling personal data allegedly uses it in an unauthorized manner; and (ii) “unauthorized access to personal data” cases where a third party (e.g. hackers) improperly accesses private data for malicious reasons.
This article discusses some of the key legal and economic issues that arise in matters involving the unauthorized use of, or unauthorised access to, personal data in the UK.
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Data Protection Laws in the UK
“Personal data” can refer to diverse information types. The EU’s General Data Protection Regulation (GDPR), which was implemented in the UK and supplemented by the UK Data Protection Act of 2018 (DPA 2018),
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