Breaking news

CySEC Unveils New Guidelines For ICT Loss Estimation Under Dora

by THEFUTURE.TEAM

October 23, 2025

The Cyprus Securities and Exchange Commission (CySEC) has taken a pivotal regulatory step by adopting new joint guidelines that require financial institutions to accurately estimate the aggregated annual costs and losses arising from significant information and communications technology (ICT) incidents. These measures, aligned with the Digital Operational Resilience Act (DORA Regulation), were set forth by the European Supervisory Authorities on July 17, 2024.

Regulatory Mandate and Industry Scope

Under Article 11(11) of the DORA Regulation, all financial entities under CySEC’s jurisdiction are now mandated to report aggregated annual losses from major ICT incidents. This comprehensive requirement covers a spectrum of market participants, including Cyprus Investment Firms, crypto-asset service providers, asset-referenced token issuers, central securities depositories, central counterparties, trading venues, alternative investment fund managers, management companies, and crowdfunding service providers authorized by CySEC.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Establishing Uniform Reporting Standards

The implemented guidelines aim to standardize the methodology for loss estimation by specifying a uniform framework and template for reporting. This initiative is designed to bolster the consistency and reliability of financial reporting and risk management across the board, ensuring that all regulated entities adhere to a common framework in quantifying operational digital risks.

Enhancing Digital Operational Resilience

Enshrined as Regulation (EU) 2022/2554, the DORA Regulation underscores the imperative for robust digital operational resilience within the financial sector. CySEC’s regulatory action reinforces the broader European initiative to enhance ICT oversight and fortify the industry’s ability to withstand digital disruptions, a move that is critical in today’s increasingly tech-dependent financial landscape.

Future Perspectives

As financial institutions begin to comply with these rigorous standards, the industry is poised to benefit from enhanced transparency and more effective risk mitigation. These measures not only safeguard the financial system against the evolving landscape of digital threats but also contribute to a more resilient and stable economic environment.

The Future Forbes Realty Global Properties

Women Accounted For More Than Half Of Scientists In 10 EU Regions

by THEFUTURE.TEAM

November 10, 2026

In Portugal’s Continente region, 265,100 women worked as scientists and engineers in 2025, representing 46% of the total workforce in these occupations.

Across the EU, women made up more than half of all scientists and engineers in 10 regions. Four were located in Spain, two in Portugal and one in Greece. The remaining regions were Poland’s Makroregion centralny, Sweden’s northernmost region and France’s outermost regions.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Most of these areas had relatively small numbers of scientists and engineers overall. Spain’s Noreste region was the largest, with 102,700 women in these occupations, accounting for 51% of its total workforce.

Women’s Representation Varies Across Europe

The figures highlight considerable regional differences in both the number of women working in science and engineering and their share of the overall workforce.

Cyprus remains below the EU average, with women accounting for 37.8% of scientists and engineers. However, this share is broadly comparable to that of Île-de-France, one of Europe’s largest centres of scientific and engineering employment.