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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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How digital fax and capture are transforming healthcare

OpenText Information Management

The compound annual growth rate of healthcare data will reach 36% by 2025 – rising 6% faster than manufacturing, 10% faster than financial services and … The post How digital fax and capture are transforming healthcare appeared first on OpenText Blogs.

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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

He noted that whilst the growing emergence of Big Tech in financial services has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. The FCA also sets out its next steps.

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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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Vermont Enacts Insurance Data Security Law

Hunton Privacy

Licensees are wholly exempt from the law if they are compliant with the New York Department of Financial Services Cybersecurity Requirements for Financial Services Companies (23 NYCRR §§ 500.0 to 500.23) and they submit a written statement to the Commissioner certifying such compliance.

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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. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

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2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business

Thales Cloud Protection & Licensing

Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality. Their forecast suggests that by 2025, 30% of enterprises will have adopted broad-spectrum data security platforms, a significant increase from less than 10% in 2021.