In December 2019, we published a blog post introducing open banking; here, we provide an update for 2020. To briefly summarize, open banking comprises a set of rules which permit third-party providers (TPPs) of financial...more
10/1/2020
/ Cyber Crimes ,
Cybersecurity ,
Data Collection ,
Data Management ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Open Banking ,
Personal Data ,
Risk Management ,
Third-Party Service Provider ,
UK Competition and Markets Authority (CMA)
The European Securities and Markets Authority (ESMA) published its draft guidelines on outsourcing to cloud service providers on June 3. Steven Maijoor, the chair of ESMA, indicated that the purpose of the guidelines is to...more
The Clearing House (the oldest banking association and payments company in the United States) recently released a model agreement as a voluntary starting point to facilitate data sharing between financial institutions and...more
The importance of cybersecurity in the autonomous vehicle setting is well known, but nuance and complexity will be on our LiDAR (a pulsed laser that measures ranges) where the rubber meets the road....more
Signaling its intent to take personal data protection and cybersecurity seriously, the UK Information Commissioner’s Office recently proposed two significant fines on global organizations. Firms should take note and ensure...more