There’s a rising and intensifying pressure on financial services institutions that aligns with the demand for modernization, down to the core. It comes from laws like those of the Service Organization Control Type 2 (SOC 2) and the General Data Protection Regulation (GDRP), which enforce the need to build and hold down cybersecurity policies.
The European Union’s new legislation is the first of its kind — and has global reach On December 8, 2023, the European Union made a significant step in digital governance by introducing the first set of comprehensive artificial intelligence (AI) regulations. This legislation, poised for a European Parliament vote by early 2024, is first out of the gate in regulating AI.
This week, the European Union (EU) reached an agreement on the EU Cyber Resilience Act (CRA). See if your product must comply, how to comply and what is exempt.