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News
CySEC requires firms to report annual costs of major ICT incidents – Cyprus Inform
4+ day, 21+ hour ago (226+ words) CySEC has issued guidance requiring regulated financial entities to calculate and report annual costs and losses from major ICT incidents. Nicosia, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) has issued guidance requiring financial firms under its supervision to calculate…...
Kraken executive says regulated digital finance can strengthen Cyprus economy – Cyprus Inform
6+ day, 2+ hour ago (392+ words) Kraken’s Cyprus-based executive says regulated digital finance could create skilled jobs and support the island’s role as an EU fintech hub. Nicosia, Cyprus. Regulated digital finance could become a new pillar of the Cypriot economy alongside tourism, shipping and professional…...
Bank of Cyprus highlights financial and emotional impact of cybercrime – Cyprus Inform
6+ day, 2+ hour ago (214+ words) Bank of Cyprus said cybercrime and online fraud can cause financial losses and emotional distress, highlighting Cyber Cover from Genikes Insurance. Nicosia, Cyprus. Cybercrime, online fraud and email scams can have consequences extending beyond a single incident, affecting victims financially…...
Cyprus consults on AI rules with fines of up to €35 million – Cyprus Inform
3+ week, 4+ day ago (235+ words) Cyprus has opened public consultation on two bills to implement EU artificial intelligence rules, including fines of up to €35 million. Nicosia, Cyprus. Cyprus has opened a public consultation on two bills governing the implementation and supervision of European Union rules…...