Digital Risk Outlook

Digital Risk Outlook 2024

If your business works in digital markets, you'll be affected by a raft of UK legislation this year. Once you're aware, you can prepare – read our Digital Risk Outlook to clarify complex legislation, reduce risk and convert challenges to opportunities.

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Hot topics for 2024

What's inside the report

Find out how the UK’s approach to regulating AI differs from the EU. Assess the consumer protection risks of integrating AI into B2C products. Prepare for new regulations for competition in the AI market.

Data protection and cybersecurity

Get the latest guidance on transferring data safely from the UK and EU to the US. Prepare for upcoming reforms under the UK Data Protection and Digital Information Bill.

Crypto

Understand tighter regulation for marketing cryptoassets and get to grips with risk warnings and consumer care duty.

Competition and digital markets

Understand why the DMCC Bill is a sea change in regulating competition in digital markets. Track headline legal cases to understand your own competition law risk exposure.

Consumer

Avoid the tough new penalties the DMCC Bill enables – up to 10% of global turnover. Learn about misleading uses of AI, best practice in subscriptions comms, and drip pricing pitfalls.

Payments

Unpick complex Payment Orchestration Platforms (POPs) and balance the risks and opportunities of AI in the Payments sector.

Digital platforms and online marketplaces

Learn how to make your digital platform/online marketplace safe and compliant for the DMCC Bill. And why tough new legislation doesn’t only affect giants like Amazon and Meta.

Expert insights and advice on topics highlighting where you need to take action.

Understand how, where, when and why your business will be affected, and prioritise your next moves.

Competition and digital markets

• New regulatory regime for 'big tech' under DMCC Bill • CMA market investigation into cloud storage • Opt-out collective proceedings in CAT relating to digital markets • Changes to merger control thresholds for SMS firms • M&A in the tech sector: changes to the UK’s national security screening regime

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• AI: can the law keep up? • Competition in AI: CMA’s guiding principles for AI foundation models • Integrating AI into B2C products: assessing the consumer protection risks

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Crypto

• 10 key points: FCA’s rules for marketing cryptoassets

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Digital platforms and online marketplaces

• DBT consultation on platform duty to consumers • Amazon and Facebook decision: CMA hints at approach for regulating 'big tech' • Increased product safety liability for online marketplaces • Far reaching obligations under the Online Safety Act 2023

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Consumer

• Game-changing CMA consumer enforcement powers • New rules for subscription contracts • Further regulation of drip pricing and hidden fees • New regulations for online product reviews

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Data protection and cybersecurity

• UK cyber resilience framework to be strengthened • International data transfers • Data Protection and Digital Information Bill to become law

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Payments

• Rise of payment orchestration and legal considerations • Balancing AI opportunities and risks in payments

Each section of the report flags key issues and recommended actions.

Practical guidance

Look ahead

Be aware

Take action

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Contacts

Digital Risk Outlook 2024

Download our report now and get in touch if you’d like more advice on any of the issues featured.

About the author

Daniel Lloyd

PARTNER, TEchnology and IP

About the author

Emma Erskine-Fox

managing associate, data, privacy AND cybersecurity

About the author

Richard Collie

Managing associate, Consumer and competition