Baker McKenzie Luxembourg’s Post

[NEWS] 𝑮𝒍𝒐𝒃𝒂𝒍 𝑭𝒐𝒓𝒖𝒎 𝑺𝒆𝒄𝒓𝒆𝒕𝒂𝒓𝒊𝒂𝒕 𝒐𝒓𝒈𝒂𝒏𝒊𝒔𝒆𝒔 𝒈𝒍𝒐𝒃𝒂𝒍 𝒆𝒗𝒆𝒏𝒕 𝒇𝒐𝒄𝒖𝒔𝒆𝒅 𝒐𝒏 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒐𝒇 𝒆𝒙𝒑𝒆𝒓𝒊𝒆𝒏𝒄𝒆𝒔 𝒂𝒏𝒅 𝒌𝒏𝒐𝒘𝒍𝒆𝒅𝒈𝒆 𝒐𝒏 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒔𝒆𝒄𝒖𝒓𝒊𝒕𝒚 On 18 October 2023, the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) organised the 𝐈𝐒𝐌 𝐃𝐚𝐲 2023, a virtual event focused on information security management for tax administrations. The 5-hour event was attended by 570 tax officials from 121 jurisdictions. The event aimed to promote the sharing of experiences and knowledge among information security and information technology professionals from Global Forum member jurisdictions. It covered multiple topics such as information security governance, cyber risks, implementation of a secure perimeter for the automatic exchange of information and secure remote working. Read more 👉 https://oe.cd/5fP #GlobalForum #taxtransparency #ISM #informationsecurity #capacitybuilding #automaticexchange #AEOI Hakim Hamadi Lloyd Garrochinho Jasmina Trajkovski Alexandre Garcia Sigrid De Groote Ali Jibbawi OECD Tax

DORA: The EU law has attracted attention because it requires companies to make significant changes to how they manage risks. The law, which was approved last year, will require companies to change aspects of how they test security systems and report cybersecurity attacks to regulators. Under the rules, financial firms need to “fully” address weaknesses they find in security tests of critical systems. Companies that don’t comply with the rules could face fines and orders to change their security processes. It will apply to companies that do business in the European Union starting in January 2025. #dora #eulaw #euregulations #globalcompliance #cybersecurity #informationsecurity #riskmanagement #riskmitigation #regulatoryaffairs #regulatorycompliance #regulators #cyberattacks #cyberattack #financialservices https://lnkd.in/eBxHEUYU

ICYMI! 💡 Through the African Union, member states have a convention on #cybersecurity and personal #dataprotection that entered into force in June 2023. Been asked a lot what next, after hosting the roundtable linked below👇🏾 . But I have more questions than I do responses: 🙋🏾♀️where in the African Union are engagements on what comes next taking place? 🤔 🙋🏾♀️where, more broadly, are the follow up implementation, M&E processes on matters digital including the Digital Transformation Strategy for Africa domiciled within the AU? 🤨 🙋🏾♀️what are member states looking/ceding to the AU on matters Digital? 😮💨 🙋🏾♀️ now that we are part of the G21, what will be presenting as “Africa positions” on matters digital economy (beyond roadmaps and strategies), a la India’s #DigitalPublicInfrastructure aka #DPI push?🥹

The European directive, designated as "#NIS2," which outlines measures for a unified #cybersecurity standard in the #EuropeanUnion, must be transposed by all Member States by 17 October 2024. In the limited time available, some countries have already implemented their transposition and established compliance deadlines for companies falling within the scope of this regulation. Hungary is one of the countries that has reached an advanced stage of implementation and can be taken as an example of what might happen in many other EU countries in the near future. It is recommended that any EU-based company, regardless of whether it is conducting business in #Hungary or not, ensures #compliance with the requirements of this directive. To learn more about this, please listen to this #privacyespresso episode with our exclusive Hungarian expert Endre Varady from VJT & Partners! Moreover, as this is a #directive, the manner of implementation may vary from one EU country to another. Should you require updates and assistance in any EU country, or indeed in multiple jurisdictions simultaneously, we invite you to contact the PrivacyRules team, who will be pleased to provide you with coordinated support for NIS2.

💻 #DORA (Digital Operational Resilience Act) is an EU regulatory framework on digital operational resilience which requires all EU financial entities to ensure they can withstand, respond to and recover from all types of ICT-related disruptions and threats. 💡 Who is impacted by DORA? 💬 Join our client webinar on 5 October 13:00 where our experts Astrid Wagner, Marc Mouton, Bénédicte d'Allard, Henning Schwabe and Pierre-Michaël de Waersegger will guide you through DORA’s context, scope, challenges, timelines, and requirements. 📅 Register here > https://bit.ly/webiDORAp1 🤖 Learn more about Cybersecurity & Information Protection https://lnkd.in/dkstqe4 #Luxembourg #law #DORA #finance #protection #risk #data #cybersecurity

A rather new topic that is well discussed in corporates, especially those with multinational presence. What are the risks in implementing horizontal policies and procedures? On the other hand what if every affiliated entity handles cases on its own? Come join us in London

A session not to be missed - join our European Technology Summit on 7 November in Dublin to hear from our panel John Magee, Andrew Serwin, Anne-marie Tierney-Le Roux and Pat Ryan as they explore the latest cyber risk and governance trends. Stay ahead of the cyber security curve, register for the event here: https://lnkd.in/gPNgPUc #DLATechSummit23 #Cybersecurity #TechLaw

💻 #DORA (Digital Operational Resilience Act) is an EU regulatory framework on digital operational resilience which requires all EU financial entities to ensure they can withstand, respond to and recover from all types of ICT-related disruptions and threats. 💡 Who is impacted by DORA? 💬 Join our client webinar on 5 October 13:00 where our experts Astrid Wagner, Marc Mouton, Bénédicte d'Allard, Henning Schwabe and Pierre-Michaël de Waersegger will guide you through DORA’s context, scope, challenges, timelines, and requirements. 📅 Register here > https://bit.ly/webiDORAp1 🤖 Learn more about Cybersecurity & Information Protection https://lnkd.in/dkstqe4 #Luxembourg #law #DORA #finance #protection #risk #data #cybersecurity

The Audit and Assurance team of PKF is pleased to present the latest edition of Clarity, sharing insights for better practices in good governance to help drive businesses forward. Read Clarity here: https://lnkd.in/gi5bibkh In this edition: ● ken weldin outlines the key findings and recommendations of our recent research into good data governance, conducted with the Governance Institute of Australia, Macquarie University's DataX Research Centre and other leading organisations ● Phillipa Ngorima explores how cyber security is the cornerstone to a sustainable supply chain ● Amy Daley and Timothy Cronin summarise key changes to compliance requirements for local government agencies in response to changing environmental conditions ● Kevin Nyugen outlines ASIC's recent surveillance results and areas for improvement for financial reporting and audit quality, and ● Kevin Helmers explains how the economy is impacting financial reporting. #propelyourfuture #claritymag #wearepkf

In an IT driven financial services‘ industry, this is clearly one of the first priorities to consider! 🫵🆘 Stay tuned and register for this unique and insightful webinar on what is expected from you as a financial sector professional! 👍💪🙏