Surfing the wave of Big Tech regulations
The global regulatory landscape is changing—fast. Landmark regulations have sharper teeth than those that have come before.
The next wave of technology regulations
The global regulatory landscape is changing—fast. Landmark regulations—such as the European Union’s Digital Services Act and Digital Markets Acts—herald a new wave of regulations impacting technology firms. These laws cover a broader range of Risk and Compliance topics, invite significantly more public scrutiny on internal controls and operations, and have sharper teeth than those that have come before.
* Mentioned legislation is meant as an indication of global developments and does not provide a complete overview of all relevant legislation.
Key themes in BigTech regulation
The increasingly public and politicized role of technology, particularly with respect to artificial intelligence, disinformation, and digital safety, has led to increasing social pressure on regulators to do more to curb online harms and protect user privacy as well as promote competition. The next wave of Big Tech regulations is coming.
KPMG is invested in supporting our technology clients to help achieve a strategic advantage in this evolving regulatory environment. Here are some services we can offer to help you prepare, transform, and execute on your regulatory risk and compliance requirements:
1
Full spectrum regulatory compliance
Our global team has developed a holistic framework for comprehensive risk and regulatory compliance management. We support our clients across the three lines of defense from light touch advisory to full-service implementation, from gap assessment to compliance program transformation and everything in between.
2
Risk management design and implementation
Our team designs and implements streamlined risk assessments, quantitative risk monitoring, and integrated risk management programs to meet requirements across key regulations, including the EU DSA, and the UK OSA, as well as relevant Responsible AI frameworks.
3
Audit readiness and internal audit
We support our clients to prepare for and manage external audit engagements end-to-end, developing Risk and Control Matrices, supporting audit evidence documentation, and preparing your stakeholders for audit expectations to help ensure streamlined engagements and reduce the overall burden on your stakeholders.
4
Safety by design
Our team blends expertise from civil society organizations, regulatory bodies, peer tech firms, and risk and compliance professionals to develop and recommend responsible, pragmatic, and audit-ready product features.
5
Responsible AI
Our team applies industry-leading practices for conducting responsible AI gap assessments, documenting algorithmic systems, and designing, implementing, and testing AI controls to meet regulatory requirements and Responsible AI frameworks.
6
Control design and governance
Our team evaluates controls, recommends enhancements to your control environment, trains control owners, develops control testing strategies and tests your controls, covering the spectrum of controls from compliance process controls to Algorithmic System testing.
Download our paper to learn how KPMG is helping Big Tech get ahead of the next big wave of regulatory compliance.
Explore more
Insight
8 common tech risk challenges
From automating risk detection to meeting regulatory requirements to monitoring controls, here’s how forward-looking companies are proactively staying ahead of technology risks.
Insight
Risk Modernization | Implementing a modern technology architecture to accelerate risk transformation
In this article, learn why the utilization of modern technology architecture is a must in risk management in today’s environment and how to get started.
Insight
How risk and compliance can accelerate generative AI adoption
Harness the power of generative AI in a trusted manner
Meet our team
