Denmark’s digital minister, Caroline Stage, made headlines by calling the GDPR a “digital elephant in the room.” Her message was clear: the current data protection regime is too complex and burdensome, especially for European businesses.
As artificial intelligence (AI) becomes more deeply embedded in mission-critical applications across financial services the need for advanced security mechanisms and ethical AI governance becomes paramount.
About one week after FEBIS informative session on the topic – the Council adopts Digital Operational Resilience Act (DORA), which will make sure the financial sector in Europe is able to stay resilient through a severe operational disruption.