In our increasingly interconnected world, the importance of robust cybersecurity solutions cannot be overstated, with cyberattacks becoming more frequent and sophisticated, such as ransomware, phishing, and data breaches. The financial impact of cybercrime is staggering, with projected costs set to
In January, the Digital Operational Resilience Act (DORA) came into force, introducing a new wave of stringent standards aimed at bolstering the resilience of financial institutions against modern threats. This regulation is applicable not only within the European Union (EU) but also to non-EU
In an ambitious effort to close the widening skills gap in cybersecurity and artificial intelligence (AI), the Kyndryl Foundation has announced an expansion of its funding initiatives to an additional five countries, bringing its total reach to eleven. This expansion, now in its second year, aims
The European Union's newly proposed Omnibus Package represents a transformative shift in sustainability compliance within the financial services sector. Encompassing a range of reforms, this package seeks to streamline corporate sustainability reporting and due diligence obligations for banks,
Recent actions by the Trump administration to cease the enforcement of penalties on businesses failing to comply with the Corporate Transparency Act (CTA) have stirred significant controversy. The CTA, passed by Congress in 2021, requires corporations and limited liability companies to disclose
The financial services industry is increasingly recognizing the critical need for robust cybersecurity measures. With the rise in sophisticated cyber threats, financial institutions must leverage threat intelligence and automate cybersecurity processes to defend against potential attacks
