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Stock impact report

Paperclip SAFE Announces Alignment with Encryption Requirements Mandated within EU DORA Act [Yahoo! Finance]

CHINA DONGSHENG INTL INC (CDSG) 
Company Research Source: Yahoo! Finance
3 min read In This Article PCPJ Paperclip Inc. Paperclip's Encryption Solution to Help EU Finance Sector Comply with New Data Encryption Mandates HACKENSACK, N.J., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Paperclip, Inc. (OTCMKTS:PCPJ) announces its SAFE technology aligns with new European Union DORA requirements mandating data encryption. The Digital Operational Resilience Act (DORA) went into effect on January 17th, 2025, impacting all European Union (EU) financial services organizations and their Information and Communications Technology (ICT) suppliers. This regulation has far-reaching implications, and not only for Financial Institutions operating in the EU, but for US organizations as well. “We should look at DORA as a foreshadowing of U.S. regulations to come,” said Chad Walter, CRO at Paperclip, Inc. “The demand is increasing for better resiliency due to increased data theft, manipulation, and ransomware attacks. DORA is likely to influence data resiliency requirements Show less Read more
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