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Aare Reintam

Aare Reintam Chief Operating Officer at CybExer Technologies

The EU AI Act and the NIS2 Directive: What does increased legislation mean for Banks and Fintechs?

Over the summer, we saw the second phase of the European Union (EU) AI Act come into force, with the addition of obligations for general purpose AI models (GPAI). Under the legislation, all GPAI providers have two years to ensure compliance with copyright and transparency obligations. Crucially, this applies to any organisation utilising GPAI mod...

/security /regulation

Aare Reintam

Aare Reintam Chief Operating Officer at CybExer Technologies

The Need for Enhancing Cyber Preparedness in Financial Institutions

Cybersecurity threats have been a grim reality for the financial sector for a long time now. According to a recent report from the IMF, the industry has been hit by over 20,000 attacks, resulting in a $12bn loss over the last 20 years. Moreover, digitalisation has introduced new vulnerabilities and cyber risks to an already vulnerable sector. Whil...

/security Information Security

Aare Reintam

Aare Reintam Chief Operating Officer at CybExer Technologies

Preparing for DORA

The Digital Operational Resilience Act (DORA) will enter into force on the 17th January 2025. After this point, banks, other financial institutions, and all organisations providing services and products in the financial sector in the EU will be required by law to adhere to the regulation. This includes explicit rules around areas including incide...

/security Information Security

Aare Reintam

Aare Reintam Chief Operating Officer at CybExer Technologies

Achieving Zero Trust in Finance as Digital Ecosystems Grow in Complexity

Those of us who work in the cyber security industry have been talking about Zero Trust for more than a decade now. During that time, it’s fair to say that the financial services industry has become relatively good at verifying the identity of actors within and outside its dedicated networks. Unfortunately though, while defining best practices for ...

/security Information Security

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