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European Union › Data Breach › Financial Services Industry

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
BCLP

Cybersecurity Risks for Financial Services Firms: Proactive Strategies to Stay Ahead

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The 2024 CrowdStrike outage and the ransomware attack on NHS partner Synnovis hit mainstream news and highlighted the fragility of ICT supply chains and the risks posed by cyber incidents....more

NAVEX

DORA: Exploring Finance Compliance Requirements

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Numbers never lie. The second most targeted industry in terms of hacking and breaches is Finance, which was the victim somewhere in the realm of 2,306 to 2,792 cyberattacks in 2023 (depending on the source). With each data...more

Mayer Brown

EU Cyber Legislation Puts Emphasis on Board Responsibility

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What is a Management Body? Under both DORA and NIS2, a management body can be a body with managerial and/or supervisory functions. The powers and structure of management bodies vary within the EU Member State, and managerial...more

Jones Day

The Rise of US-Style Class Actions in the UK and Europe

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Class actions have been a feature of the litigation landscape in the USA for decades. Claimant-friendly procedures combined with an aggressive and well-funded plaintiffs’ bar have created fertile ground for these large,...more

A&O Shearman

DORA – Enhancing digital resilience for the financial sector and its ICT service providers is more important than ever

A&O Shearman on

The future of finance is digital. The increased reliance on technology in finance heightens the vulnerability of ICT systems and worsens the impact of a potential cyberattack. To this end, the European Commission (the...more

A&O Shearman

UK Secondary Legislation Published to Combat Cyber-Attacks

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The Cyber-Attacks (Asset-Freezing) Regulations 2019 have been made and will come into force on June 11, 2019....more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Markets around the world took a beating yesterday amidst concerns about steel tariffs and other rising commodity costs, an economic slowdown in China, and brewing trouble in the EU. US stocks rallied by the end of the day to...more

Herbert Smith Freehills Kramer

Funds Talk: March 2017

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OCIE Highlights Frequent Topics for Compliance Deficiencies for Investment Advisers - On Feb. 7, 2017, the Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (“OCIE”) published...more

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