Banks and other financial institutions could be forced to cut ties with cloud providers and other technology suppliers under a draft European Union regulation that aims to limit cybersecurity risks to the sector.
National regulators in EU countries could require banks to stop using external technology services if their providers fail to fix cybersecurity problems identified in government inspections. The bill goes beyond existing European legislation mandating cybersecurity rules for the finance sector by requiring technology suppliers to also undergo regulatory scrutiny.
Under the proposed rules, authorities can recommend cybersecurity changes to technology providers, which must respond within 30 days on whether they plan to follow the recommendations. Regulators would then monitor whether financial firms have taken those risks into consideration, and can require them to suspend or stop using a company’s services.
“It could be a massive, massive headache,” said Richard Parlour, chief executive of law firm Financial Markets
The test, called FELUDA—an acronym for FNCAS9 Editor-Limited Uniform Detection Assay—was named after a popular Indian fictional detective. It intends to “address the urgent need for accurate mass testing,” according to a statement from TATA Sons, which manufactured the test.
The kit could be manufactured for self-testing in the future, according to Agarwal, but the prototype being developed currently is only intended for testing in labs.
The FELUDA test follows a similar rapid test kit developed in the US this spring. Both tests use a gene-editing technology called CRISPR to detect the virus in a patient’s RNA. The US Food and Drug
(MENAFN – Emirates News Agency (WAM)) SHARJAH, 24th September, 2020 (WAM) — The Arab Academy for Science, Technology and Maritime Transport in Sharjah, AASTS, has commenced talks for a collaboration with The Federal Transport Authority – Land & Maritime, FTA.
The meeting was attended by Dr. Ismail Abdel Ghaffar Ismail Farag, President of the AASTMT, and Eng. Hessa Al Malek, Executive Director of Maritime Transport at FTA.
Dr. Ahmed Youssef, Associate Dean of Maritime Transport and Technology College, AASTS; Dr. Aysha Al Busmait, IMO Goodwill Ambassador and Corporate Communications Director at FTA, and Captain Abdullah Al Hayas, Director of Maritime Affairs Department, FTA, were also present.
The two sides discussed cooperation in various areas including education and training; conducting specialised research to develop the shipping, ports and logistics services, and developing training in maritime electronic capabilities and cybersecurity for shipping and maritime operations and ports. They also discussed cooperation in