The Schellman Blog

To accommodate the ever-evolving cybersecurity threat landscape, HITRUST has released HITRUST CSF v11.2.0, updating its framework to include more pertinent concepts—one of the most notable additions is artificial intelligence (AI) risk management content.

The need for responsible, trustworthy, and ethical use of artificial intelligence (AI) has been a hot topic over the past couple of years, prompting the release of regulations such as NIST’s AI Risk Management Framework to help organizations secure the evolving tech. Additional standards have emerged to address the need to implement safeguards addressing the security, safety, privacy, fairness, transparency, and data quality of AI systems throughout their life cycle—including ISO/IEC 42001. ISO is already well-known among those interested and invested in cybersecurity, as it offers frameworks for the implementation of different management systems that can help you improve different aspects of your organization. Through the establishment of ISO 42001 in late 2023—ISO merged into the AI game, introducing best practices for an AI management system (AIMS).

President Biden has issued a groundbreaking Executive Order to steer America toward leadership in harnessing the potential of artificial intelligence (AI) while managing its associated risks.

Now that artificial intelligence (AI) has more fully engrained itself into the digital world and economy, it makes sense that the American Institute of Certified Public Accountants (AICPA)—as the organization that sets the most recognized auditing standards in the U.S.—would have an opinion on AI use, particularly in terms of the possibility of related SOC-compliance issues.

The National Institute of Standards and Technology (NIST) has made a significant move in introducing its groundbreaking AI Risk Management Framework (AI RMF). Designed to empower organizations and individuals with comprehensive risk management guidance, the AI RMF aims to create a world where AI can thrive responsibly.