The Digital Finance Strategy is a European directive that aims to support and develop digital finance in Europe whilst maintaining financial stability and consumer protection. There are three main components to the package: In this blog post, we’ll attempt to summarise the 113-page DORA proposal, highlighting how it will apply to incident management at financial entities.

Any mature industry, at some point, will be regulated by local, state, or federal laws. Restaurants did not always have to have food safety inspections. Gas stations did not always have to have pumps calibrated and certified. Vehicles have not always required seat belts. As a society, we are well served by these regulations that help keep us safe and protect consumer interests.

Since 2018, General Data Protection Regulation (GDPR) has been on everyone’s lips – and for good reason. It’s the gold standard for consumer protection. While privacy laws present challenges to enterprises big and small, we can’t escape the reality that consumer data is constantly mined and sold.

On June 4, 2021, the EU Commission released two new contract templates, both labeled Standard Contractual Clauses (SCCs). The first template is for standard contractual clauses between controllers and processors under Article 28 of the GDPR, and its adoption is optional. The second template is for module-based standard contractual clauses for personal data transfers to non-adequate countries, and its adoption is required. With GDPR compliance as our top priority, Platform.sh has adopted both.

General Data Protection Regulation (GDPR). Most of us remember the months and weeks leading up to the deadline. We did whatever needed to be done to achieve compliance. Now it seems like a distant memory. And the pressure is mostly off. But in other ways, it was just the beginning. As you continue creating your day-to-day compliance strategy, you might find that the tactics that got you to the finish line were more short-term solutions that won’t necessarily stand long-term.