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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

Payment Services Directive (PSD3) PSD3 is an updated version of PSD2 and provides rules on the efficiency and security of digital payments and financial services in the EU. It aims to improve competition and innovation in the financial industry while increasing consumer protection. PCI DSS 4.0 Like DORA, PCI DSS 4.0

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Collibra Data Intelligence: tackle 2023’s biggest data challenges

Collibra

to 181 zettabytes by 2025. By 2025, it’s estimated that 463 exabytes of data will be created every day. Privacy and protection regulations are growing in numerous industries (such as financial services) and geographic regions (including the EU, Australia, California, and Nevada). Source: World Economic Forum.)

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

The speech: key points As part of his speech, Mr Rathi explained that the FCA plans to examine how Big Tech firms’ unique access to large sets of data could unlock better products, more competitive prices and wider choice for consumers and businesses. The FCA also sets out its next steps.

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In High Demand - How Thales and DigiCert Protect Against Software Supply Chain Attacks

Thales Cloud Protection & Licensing

Also called backdoor attacks, they cleverly exploit third-party software vulnerabilities to access an organization’s systems and data. By 2025, Gartner predicts that 45% of organizations worldwide will have experienced attacks on their software supply chains. How are the hackers getting in?

Risk 62
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Risk Management under the DORA Regulation

IT Governance

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. Simply losing access to an asset, for example, can be just as problematic.

Risk 104
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UK regulators’ strategic approaches to AI: a guide to key regulatory priorities for AI governance professionals

Data Protection Report

The CMA will continue to monitor for potential competition and consumer protection concerns, applying its six principles to identify any such concerns: access, diversity, choice, fair dealing, transparency, and accountability. Consultations on updates are expected from spring 2025. See our update on the FCA’s plans for further detail.