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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

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UK regulators’ strategic approaches to AI: a guide to key regulatory priorities for AI governance professionals

Data Protection Report

Accountability and governance. The AI update was published alongside a speech by chief executive Nikhil Rathi announcing the FCA’s plans to focus on Big Tech and Feedback Statement FS24/1 on data asymmetry between Big Tech and firms in financial services. Consultations on updates are expected from spring 2025.

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Collibra Data Intelligence: tackle 2023’s biggest data challenges

Collibra

to 181 zettabytes by 2025. By 2025, it’s estimated that 463 exabytes of data will be created every day. Privacy and protection regulations are growing in numerous industries (such as financial services) and geographic regions (including the EU, Australia, California, and Nevada). It’s not just governments.

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

He noted that whilst the growing emergence of Big Tech in financial services has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. The FCA also sets out its next steps.

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New York hospitals have new cybersecurity requirements

Data Protection Report

Although most of the regulation will take effect in one year, on October 2, 2025, the requirement that covered hospitals provide notice to DOH within 72 hours of a “Cybersecurity incident” (which can include third party incidents) went into effect upon publication.

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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

Payment Services Directive (PSD3) PSD3 is an updated version of PSD2 and provides rules on the efficiency and security of digital payments and financial services in the EU. It aims to improve competition and innovation in the financial industry while increasing consumer protection. PCI DSS 4.0 Like DORA, PCI DSS 4.0

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European instant payments in harmony: Traditional wisdom meets innovative thinking

IBM Big Data Hub

A cloud-based infrastructure that uses IBM Cloud® for Financial Services can be the answer to ensure the security, privacy and flexibility needed to keep up with these changes in the industry. December 2025: Banks of EU and Eurozone countries are required to support sending SEPA instant payments.

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