Page 253 - Cyber Defense eMagazine Annual RSA Edition for 2024

The Intricate Dance: AI-Driven Data Collection

and the Evolving Regulatory Landscape

By Boris Khazin, Head of Governance, Risk & Compliance at EPAM Systems, Inc.

Artificial Intelligence (AI) has planted firm roots in the dynamic world of technology, thriving in its prowess
at collecting, processing and analyzing data. Using various tools and methodologies, such as web
crawling, social media monitoring and digital analytics, AI exhibits the potential to drive data collection
activities to new depths, seamlessly crunching vast volumes of data at record speed.

Confronting Risks in the Digital Era

The power to amass substantial data quantities undeniably gives organizations a competitive edge.
Nonetheless, it’s a double-edged sword. By increasing data collection capabilities companies can gain
rich insights about consumer behaviors to fine-tune business operations and fuel innovation. However,
garnering such data attracts the dark underbelly of the digital world and cyber criminals, thereby raising
the stakes of potential cybersecurity threats.

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