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flag The EU enforces stricter cyber rules on banks, demanding faster breach reporting and stronger defenses by year's end.

flag The European Union has implemented a new banking security regulation requiring financial institutions to strengthen cyber defenses, conduct regular risk assessments, and report major breaches within 24 hours. flag The update aims to protect consumers and ensure financial stability amid rising cyber threats. flag Institutions must now adopt advanced authentication methods and improve incident response capabilities. flag The changes apply to all banks, credit unions, and payment service providers operating in the EU, with compliance expected by the end of 2025.

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