The Digital Finance Strategy is a European directive that aims to support and develop digital finance in Europe whilst maintaining financial stability and consumer protection. There are three main components to the package: In this blog post, we’ll attempt to summarise the 113-page DORA proposal, highlighting how it will apply to incident management at financial entities.
Any mature industry, at some point, will be regulated by local, state, or federal laws. Restaurants did not always have to have food safety inspections. Gas stations did not always have to have pumps calibrated and certified. Vehicles have not always required seat belts. As a society, we are well served by these regulations that help keep us safe and protect consumer interests.
Since 2018, General Data Protection Regulation (GDPR) has been on everyone’s lips – and for good reason. It’s the gold standard for consumer protection. While privacy laws present challenges to enterprises big and small, we can’t escape the reality that consumer data is constantly mined and sold.