Navigating the UK's regulatory landscape has become increasingly complex in 2024 due to growing cyber threats and new laws. Key regulations include the Product Security and Telecommunications Infrastructure (PSTI) Act, enhancing security for consumer devices, and the EU's Digital Operational Resilience Act (DORA), focused on cybersecurity in the financial sector. Financial institutions also face global tax reforms and the Third Payment Services Directive (PSD3) promoting competition. Embracing computational governance and Privacy by Design can help businesses maintain compliance and protect their reputations.
Our proposed solution in this article emphasizes the importance of computational governance, which acts as a guardrail that enforces consistent internal standards and security controls. This approach ensures all data meets regulatory requirements, helping companies avoid fines and negative consequences.
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