European Union
-
TikTok Fined €530 Million for Breaches of Data Privacy Regulations
The Irish Data Protection Commission has fined TikTok €530 million for mishandling user data under GDPR, raising concerns about data protection and sovereignty. TikTok disputes the ruling, citing significant investments in data security initiatives.
-
EU’s NIS2 Directive Toughens Cybersecurity Standards Across Member States
The EU’s NIS2 Directive, which took effect on 17 October 2024, imposes stricter cybersecurity requirements on essential and important organizations across various sectors, aiming to enhance overall security in the region.
-
European Insurance Authority Proposes Strict Capital Requirements for Crypto Holdings
The European Union’s insurance authority has proposed a requirement for firms to maintain capital equal to their full crypto holdings to mitigate risks for policyholders, setting a new standard for the insurance industry.
