DORA debate: who pays for digital‑fraud losses?
Opinion coverage outlines how the DORA law could shift liability for digital fraud between banks and customers, spotlighting a policy debate on who should absorb online‑fraud costs. The piece argues the new rules may force banks to change indemnity practices and could alter customer protections depending on the final implementation. Online banking users and small businesses that accept digital payments should watch for regulatory clarifications that may affect fraud liability.
Banks and insurers required to strengthen digital defences to protect their clients' data
A law that “ensures the implementation of European legal acts into the national legal framework relating to the digital operational resilience of the financial sector” came into force on Tuesday. It is the transposition into the Portuguese legal order of the European Union's ironclad rules (known as DORA) that oblige banks, insurers, asset managers and crypto-asset entities ...
