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Risk Management under the DORA Regulation

IT Governance

2019 (Q2–Q4) 2020 (Q2–Q4) 2021 (Q2–Q4) 2022 (Q2–Q4) Data breaches 855 752 (-12%) 630 (-16%) 648 (+3%) Cyber attacks 143 245 (+71%) 230 (-6%) 285 (+23%) Note 1: The ICO data set only provides the numbers for Q2 2019 until Q4 2022. million) for the financial sector – 33% more than the average across all sectors. million (about £4.70

Risk 104
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The Clock is Ticking for PCI DSS 4.0 Compliance

Thales Cloud Protection & Licensing

Compliance madhav Tue, 09/19/2023 - 05:17 It is essential for any business that stores, processes, and transmits payment card information to comply with the Payment Card Industry Data Security Standard (PCI DSS). According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. Requirement 12.5

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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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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

The records retention schedule is the foundational document for a records management program. Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. Organizations should place a special focus on consumer and non-financial employee data.

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

Data Protection Report

It published a response to its consultation on its 2023 white paper, ‘A pro innovation approach to AI regulation ’ (the White Paper). The document outlines the ways in which the FCA’s approach to regulation and supervision addresses the Principles. See our update on the FCA’s plans for further detail.