By

webeditorhere
17
Jan

ESAs publish first set of rules under DORA for ICT and third-party risk management and incident classification

January 17, 2024
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today the first set of final draft technical standards under the DORA aimed at enhancing the digital operational resilience of the EU financial sector by strengthening financial entities’ Information and Communication Technology (ICT) and third-party risk management and incident reporting frameworks. The joint final...
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16
Jan

Fortifying Digital Frontiers: The Art of Crafting a Robust ISRA – Your Proactive Shield Against Cyber Threats

January 16, 2024
In an era dominated by technology, safeguarding sensitive information is vital for organizations. Information Security Risk Assessment (ISRA) emerges as a crucial process in identifying, evaluating, and mitigating potential risks that could compromise the integrity, confidentiality, and availability of valuable data. This article will explore the intricacies of ISRA, its significance, and how organizations can...
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04
Jan

Change Management: Considered one of the most common challenges for businesses!

January 4, 2024
Konkrit Solutions specializes in helping companies in various sectors with their digital transformation projects. In our experience, we’ve noticed that many departments within these companies resist making changes. Sometimes, employees in businesses that have been around for a while don’t like things to be different. However, for a business to succeed, it needs to keep...
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04
Dec

The More, the Better: How Data Lakes Empower Big Data and AI

December 4, 2023
Greetings! Ever heard of data lakes? Think of them as powerful reservoirs that redefine how businesses handle vast amounts of information. In this Article, we’ll delve into how data lakes are reshaping the landscape of big data and artificial intelligence (AI) in a way that’s both sophisticated and user-friendly.  The All-in-One Storage Solution Consider data...
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21
Nov

Think Before You Click: Navigating ICT and Security Risks in the Digital Age

November 21, 2023
In today’s digitally interconnected world, a click of a mouse or a tap on a screen can bring many opportunities. Nevertheless, this convenience also comes with responsibilities, especially in Information and Communication Technology (ICT) and security. As businesses embrace technology, it’s crucial to have robust risk management strategies and ensure employees are well-informed. Understanding ICT...
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10
Nov

ESMA’s Announcement on the Strategic Shift Towards Cyber Resilience and ESG Transparency

November 10, 2023
On November 9th, 2023, the European Securities and Markets Authority’s (the “ESMA”) published an  Announcement putting the cyber risk as a new Union Strategic Supervisory Priority (the “Announcement”). Further to the Announcement, ESMA is changing its Union Strategic Supervisory Priorities (the “USSPs”) to focus on cyber risk and digital resilience alongside ESG disclosures. Pursuant to...
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08
Nov

The Pitfalls of Off-the-Shelf AI Solutions for Businesses

November 8, 2023
Artificial Intelligence (AI) is rapidly transforming industries and revolutionizing the way businesses operate. Many Companies are keen to utilise the power of AI to gain a competitive edge. While off-the-shelf AI solutions may seem like a convenient option, they often fall short in meeting the unique needs and challenges of Companies. In this article, we...
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01
Nov

November Welcomes the Fusion of AI and Cybersecurity: Securing a Digital Future

November 1, 2023
As we step into November, we find ourselves at the intersection of two dynamic technological forces: Artificial Intelligence (AI) and Cybersecurity. This month, we not only celebrate the vibrant autumn foliage but also the pivotal role these technologies play in shaping our digital landscape. AI Technologies – A Catalyst for Transformation: The arrival of November...
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25
Oct

Beyond the Buzz: Navigating the Evolution of Artificial Intelligence

October 25, 2023
The prevailing narrative surrounding artificial intelligence (AI) often heralds its rise as a recent phenomenon, but in reality, AI and its sophisticated counterparts have quietly shaped our world for decades. The notion of a sudden ascension of AI is, in many ways, a misnomer. AI, in its embryonic forms, can be traced back to the...
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12
Oct

Circular C601: EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849

October 12, 2023
On October 12th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C601 on EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849 (the “Circular”). Further to the issuance of CySEC’s Circular C479 in relation to the public consultation by the European Banking Authority (the...
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