The European Commission is advancing a comprehensive digital simplification strategy to reduce administrative burdens and enhance the Digital Single Market. Initiatives like the 'Once-Only Principle' and the Single Digital Gateway aim to streamline cross-border procedures for citizens and businesses, fostering a more integrated digital environment.
The European Commission is advancing a comprehensive digital simplification strategy to reduce administrative burdens and enhance the Digital Single Market. Initiatives like the 'Once-Only Principle' and the Single Digital Gateway aim to streamline cross-border procedures for citizens and...
Six months after the EU's DORA regulation took effect, a new Censuswide survey reveals that 96% of financial institutions do not feel fully prepared. Key challenges include third-party risk management, increased pressure on IT teams, and securing adequate budgets for compliance.
96% of EMEA financial services organizations believe their current level of data resilience falls short of DORA's requirements and needs improvement. Areas of concern where many organizations have not yet met DORA requirements include: i) 24% have not established recovery and continuity...
ESAs publish guide on DORA oversight activities, providing an overview of processes and tools.
As of today, July 8, 2025, the Regulatory Technical Standards (RTS) on Threat-Led Penetration Testing (TLPT) are in effect, including in Malta. This follows their publication in the Official Journal on June 18, 2025. These RTS complement Article 26 of the Digital Operational Resilience Act...
On July 8, 2025, the European Banking Authority (EBA) initiated a process to replace its existing Guidelines on outsourcing by publishing a consultation paper on the "sound management of third-party risk."
New Lenovo research reveals that 65% of IT leaders believe their current defenses are outdated and unable to withstand AI-enabled cyberattacks. Only 31% feel confident in defending against these...
A new report by Concentric AI reveals that Generative AI (GenAI) is exposing sensitive data at an unprecedented scale, driven by unstructured data, duplicate files, and risky sharing practices,...
he Digital Operational Resilience Act (DORA), effective since January 17, 2025, is the EU's latest effort to strengthen digital operational resilience across the financial sector by harmonizing...
Optimizing customer onboarding is crucial for banks in the age of AML, AI, and rising risk. Utilizing AI and automation can improve efficiency, reduce false positives, and enhance compliance,...
European banks face increasing compliance challenges due to the GDPR and the AI Act. Data management, transparency, and accountability are crucial for the successful integration of AI, while...
