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The future and developments of cybersecurity in FinTech

The FinTech market brings with it uncertainties, including in the area of cybersecurity. The European FinTech sector has recently gone through several developments to create certainty and security within the market. In this blog, we look at recent events and future expectations.

Digital Operational Resilience Act (DORA) is in force

Since January 17 2025, the Digital Operational Resilience Act has been in effect, with the goal of strengthening the digital operational resilience of the financial sector. This is a European law that ensures financial institutions are better protected against digital disruptions and cyber attacks. Companies in the financial sector must now follow strict rules to manage ICT risks, report major ICT incidents and improve the security of their systems.

Implementation of the NIS 2 directive

The NIS 2-richtlijn has been in effect since January 16 2023, and sets stricter cybersecurity requirements. More sectors are now covered by these rules, including telecom service providers, data centers and government agencies. The goal? A more secure digital environment within the EU to ensure cybersecurity within the EU.

Cyber attacks on the financial sector continue to increase

The number of cyber attacks on financial institutions in Europe has increased sharply. The insurance sector is particularly badly affected: more than half of all web attacks targeting it, a 68% increase compared to 2023. Financial companies are forced to evaluate and strengthen their cybersecurity measures.

New payment systems, new risks

Mastercard is working on technologies that could replace traditional credit cards by 2030. These potential changes include the use of unique tokens per transaction and biometric authentication instead of PIN codes. While this could improve security and user experience, it also brings new challenges in terms of data protection and privacy.

The developments within the FinTech sector not only present opportunities, but also bring new challenges in cybersecurity. SCOPE FinTech Solutions supports companies in navigating these challenges and embracing new technologies without compromising on security. Trust, compliance and progress will always be our driving forces.

Delve deeper into the future of cybersecurity and compliance in FinTech? At RegTech SCOPE 2025, we will bring together leading experts, innovators and professionals to discuss the latest developments and best practices. This is the opportunity to share insights, get inspired and strengthen your network.

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Ruby Hovenier
I'm Ruby Hovenier, the digital marketer at SCOPE FinTech Solutions. My focus is on keeping up with the latest news and events within the FinTech, KYC, and Wwft markets. By constantly looking for the latest information on these topics, I ensure that our readers are always up-to-date. My goal is to offer new insights and provide readers with fresh information on developments in these industries. You can find my contributions on our website and in our newsletters.
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