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The Schellman Blog

Stay up to date with the latest compliance news from the Schellman blog.

Blog Feature

Education | Artificial Intelligence

By: Schellman
February 10th, 2025

*Disclaimer: This article was written using a translated copy of the South Korea AI Basic Act* After the European Union paved the way for creating a legal framework for artificial intelligence (AI) in early 2024, many wondered what government or jurisdiction would follow. The year continued with discussions on how to best implement AI governance and debates on where the line stands between sufficient governance and proper opportunity for creativity in the technology industry. Fast forward a couple of months, as the world prepared to welcome in the new year those questions were finally answered. In late December 2024, South Korea stepped forward proposing their own legislation regarding AI. By January 21, 2025, they became the second entity to propose AI regulation with the passing of the AI Basic Act. To address the obvious next question of when these regulations will be enforced, the enforcement date stands as January 22, 2026, giving organizations roughly a year to prepare. It’s also worth noting that this act contains six sections with 43 articles, and we've outlined the key points below.

Blog Feature

ISO Certifications | Artificial Intelligence

By: Danny Manimbo
December 9th, 2024

Since the release of ISO 42001 in late December 2023, it’s been a year of discovery and education regarding this new flagship artificial intelligence (AI) standard in terms of determining its applicability, use case(s), and benefits to organizations. For those who have since determined ISO 42001 is the right framework for them, the next step has been to prepare for certification, and that involves more than a few steps.

Blog Feature

Cybersecurity Assessments | Artificial Intelligence

By: Avani Desai
November 13th, 2024

Even as AI systems become more advanced and enmeshed in daily operations, concerns regarding whether large language models (LLMs) are generating accurate and true information remain paramount throughout the business landscape. Unfortunately, the potential for AI to generate false or misleading information—often referred to as AI “hallucinations”—is very real, and though the possibility poses some significant cybersecurity challenges, there are ways organizations deploying this technology can mitigate the risks.

Blog Feature

ISO Certifications | SOC Examinations | Artificial Intelligence

By: Danny Manimbo
November 4th, 2024

For anyone immersed in digital technology, you know that artificial intelligence (AI) is all the rage right now, and for good reason, the use cases for this technology are growing all the time. But as AI continues to enmesh with daily life as well as business, security concerns have grown in parallel, as have questions regarding the implications on organizations and their ongoing compliance efforts. At the top of mind for many has been how AI factors into SOC 2 examinations.

Blog Feature

Cybersecurity Assessments | Artificial Intelligence

By: Sully Perella
October 31st, 2024

Artificial intelligence (AI)—you’ve heard of it, you’re likely using it, and you know it’s already used everywhere and its reach will only likely increase. These days, the term "AI" is thrown around frequently, but because this technology is actually made up of many different subsets that generally all get thrown under the umbrella of AI, it can sometimes lead to confusion.

Blog Feature

ISO Certifications | Artificial Intelligence | ISO 42001

By: Danny Manimbo
October 24th, 2024

Since its publication in December 2023, business leaders are still wrapping their heads around the ISO 42001 standard. The framework is designed to help any organization who provides, develops, or uses artificial intelligence (AI) products and services to do so in a trustworthy and responsible manner, guided by the requirements and safeguards that the standard defines—including clearly defining your AI role.

Blog Feature

ISO Certifications | Artificial Intelligence | ISO 42001

By: Megan Sajewski
October 21st, 2024

When seeking ISO 42001:2023 certification, you need to ensure that your artificial intelligence management system (AIMS) aligns with the standard’s framework clauses (4-10), each of which focuses on a specific facet—context, leadership, planning, support, operation, performance evaluation, and improvement.

Blog Feature

Penetration Testing | Artificial Intelligence

By: Cory Rey
October 17th, 2024

With proven real-life use cases, it’s a no-brainer that companies are looking for ways to integrate large language models (LLMs) into their existing offerings to generate content. A combination that’s often referred to as Generative AI, LLMs enable chat interfaces to have a human-like, complex conversation with customers and respond dynamically, saving you time and money. However, with all these new, exciting bits of technology come related security risks—some that can arise even at the moment of initial implementation.

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