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In California, for example, legislation passed in late 2023 requires Scope 3 emissions disclosures, while the European Union’s Corporate Sustainability Reporting Directive —which mandates disclosures on a range of sustainability issues—was adopted earlier in the year. When will companies be required to begin disclosures?
These may be data products consumed in the implementation of key business activities, or associated with critical processes such as regulatory reporting and riskmanagement. These data products may be widely used across business functions to support reporting and analytics, and—to a lesser extent—operational processes.
Information riskmanagement is no longer a checkpoint at the end of development but must be woven throughout the entire software delivery lifecycle. The evolution of riskmanagement Modern information security requires thinking like a trusted advisor rather than a checkpoint guardian.
Because of this timeline, there have so far been no reported cases of personal penalties for executives or managers based on NIS 2 or DORA violations, and no precedents currently exist for determining which types of fines or other penalties regulators might impose on individuals. NIS 2 and DORA are quite new.
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