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Bank Info Security 4 days, 2 hours ago

Illinois Enacts First US Law Mandating AI Safety Audits

SB 315 Requires Annual Independent Audits, 72-Hour Incident Reporting for AI GiantsGov. JB Pritzker signed bipartisan legislation making Illinois the first state to require annual independent safety audits of frontier AI developers, going beyond California and New York frameworks with incident reporting deadlines, whistleblower protections and penalties up to $3 million.

Blames outfit called Context.ai, which reckons an agentic OAuth tangle caused the incident Vercel, the company that created the open source Next.js web development framework, has a data leak that led to compromise of some customer credentials, and blamed an outfit called Context.ai for the mess.…