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Understanding the Dora Compliance: A Comprehensive Guide

VISTA InfoSec

Digital Operational Resilience Act is a new regulation (EU) 2022/2554, published in 2022 in the Official Journal of the EU, and came into force on 16 January 2023. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

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Understanding the Dora Compliance: A Comprehensive Guide

VISTA InfoSec

Digital Operational Resilience Act is a new regulation (EU) 2022/2554, published in 2022 in the Official Journal of the EU, and came into force on 16 January 2023. This includes regular risk assessments, controls, and monitoring mechanisms to address vulnerabilities and threats.

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Ncontracts Acquires Third Party Risk Management Company Venminder

Finovate

Ncontracts has acquired Venminder, a third-party risk management SaaS platform, to enhance its governance, risk, and compliance services. The acquisition will broaden Ncontracts’ expertise in third-party risk management and strengthen its position in both SaaS and knowledge-as-a-service markets.

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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

This tension between scale and safety defines the platform risk paradox—and resolving it is now a leadership imperative. UK card fraud alone reached £396 million in 2022, with friendly fraud responsible for most chargebacks. million cases reported in 2022 and resulting in losses of £396 million.

Risk 88
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Tradition and Technology: Bhutan’s Journey into Fintech and Financial Inclusion

The Fintech Times

According to the 2022 Bhutan Living Standards Survey Report, 95 per cent of households own a smartphone, 99.6 Banks By 2020, Bhutan’s financial sector included five banks, three insurance companies, one CSI bank, five microfinance institutions, one pension institution, two telecom companies as well as a single stock exchange.

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Avoiding AI Pitfalls in Financial Decision-Making

The Fintech Times

.” Risks of automation dependance Sharing a similar view, Adam Ennamli , chief risk and security officer at General Bank of Canada , added: “Failures can have existential consequences, from significant monetary losses to complete loss of market trust and regulatory penalties.

AI 64
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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management.

Risk 70