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

Data Protection Report

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

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

Thales Cloud Protection & Licensing

Digital Services Act (DSA) The DSA places greater responsibility and accountability on online platforms of all sizes. 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. PCI DSS 4.0 NIST CSF 2.0

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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). And the noise keeps getting louder.

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Vermont Enacts Insurance Data Security Law

Hunton Privacy

Licensees must conduct a risk assessment to create a WISP “commensurate with the size and complexity of the licensee, the nature and scope of the licensee’s activities, including its use of third-party service providers, and the sensitivity of the nonpublic information.” Enforcement and Penalties Under the Law.

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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. Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality.