Enterprises invest heavily in cybersecurity measures to protect their critical assets and sensitive data. According to the Worldwide Security Spending Guide published by International Data Corporation (IDC), European security spending will grow by 12.3% in 2024, similar trajectory to the US and Asia Pacific. Despite these investments, crippling vulnerabilities continue to wreak havoc, and the costs of cyber attacks continue to soar.

Artificial Intelligence (AI) has come a long way since John McCarthy first coined the term in 1955. Today, as AI technologies become deeply embedded in our daily lives, the potential they hold is immense – but so are the risks to safety, privacy, and fundamental human rights. Recognizing these concerns, the European Union (EU) took a proactive step in 2021 by proposing a regulatory framework aimed at governing AI.