Risk Management stories - Page 125

The European Union's Artificial Intelligence Act will take effect on 2nd February, banning high-risk AI uses like facial recognition and social scoring.

KYND, a London-based insurtech firm, urges the financial services to enhance long-term cyber resilience as the EU's Digital Operational Resilience Act takes effect.

ReliaQuest's latest report reveals a staggering 32% rise in ransomware cases targeting finance and insurance firms, with attackers moving significantly faster in 2024.

Unit4's new IDC study highlights how CFOs are essential in integrating AI technology within businesses, facing challenges like compliance and excessive reporting.

The Cloud Security Alliance has released a report addressing SaaS complexities for mid-market organisations, revealing that many struggle with security amid limited resources.

Endor Labs has launched AI Model Discovery, a feature helping businesses identify and manage open source AI models, enhancing application security.

Morné Rossouw of Kyriba outlines how the EU AI Act, effective from February 2025, will reshape CFOs' roles and finance teams across Europe.

As corporate banking undergoes a digital transformation, real-time KYC processes powered by Corporate Digital Identity are set to significantly enhance operational efficiency.

Lexsoft has secured ISO/IEC 27017 certification for its cloud services and expanded its T3 knowledge management solution across the EU, UK, and US.

Marqeta has partnered with Trading 212 to launch a debit card, enabling the app's expansion into 20 new European markets and enhancing customer accessibility.

French platform Pigment has partnered with Deloitte to deliver AI-driven planning solutions, enhancing corporate agility amid rapid market changes.

As Data Privacy Day approaches, industry leaders stress the importance of robust measures to enhance data security amidst growing digital vulnerabilities.

FloQast has achieved ISO 42001 certification, joining a select group of firms committed to ethical AI governance and robust management systems.

Tenable has unveiled vital cybersecurity trends for 2025, warning organisations to adapt to the expanding threat landscape and rising data breach costs.

KnowBe4 research reveals the average cost of a data breach rose to USD $4.88 million, underscoring the urgent need for enhanced cybersecurity strategies.

The 2024 surge in AI-driven cybersecurity has transformed threat detection, but emerging AI-led attacks pose new risks as firms brace for 2025 advancements.

The UK aims to lead in artificial intelligence with a new AI Opportunities Action Plan and GBP £14 billion investment from tech firms to enhance various sectors.

Azul has confirmed that its Java solutions now meet the European Union's Digital Operational Resilience Act (DORA) requirements, aiding financial institutions in compliance.

A recent ISACA report reveals that privacy professionals face soaring stress levels due to budget cuts and regulatory pressures, with 63% feeling more stressed than five years ago.

A recent Swimlane report reveals that 68% of organisations fail to tackle critical vulnerability within 24 hours, shedding light on severe challenges in cybersecurity management.