What’s the Difference Between Open Banking, a Securities License, and a Digital Bank?

If you work in tech, finance, or legal—chances are you’ve heard these terms thrown around: Open Banking, Securities License, Digital Bank. They all sound like parts of the same puzzle. But in reality, they serve very different purposes and operate under entirely different regulatory models. Here’s a quick breakdown to clarify the confusion: Open Banking – […]

How AI Systems Are Subject to the Privacy Protection Law

In April 2025, Israel’s Privacy Protection Authority (PPA) released a draft guidance clarifying how core principles of privacy law apply to artificial intelligence (AI) systems. The guidance outlines regulatory expectations for companies using AI technologies that process personal data. 1. Scope of the Law Any AI system that processes personal data—at any stage of its […]

Artificial Intelligence Act (AI Act)

The European Parliament has officially adopted the Artificial Intelligence Act (AI Act), marking the first comprehensive legal framework in the world for regulating artificial intelligence technologies. This groundbreaking legislation reflects the European Union’s commitment to ensuring that AI is developed and used in a manner that is safe, transparent, and aligned with fundamental rights. The […]

Rising Threats Targeting Microsoft Office 365 Users

A sophisticated botnet attack is targeting Microsoft 365 accounts worldwide using password-spraying techniques. What Are the Risks? This botnet attack has severe implications for business operations: The attackers employ Basic Authentication to conduct password spraying, targeting widely used or compromised passwords across numerous accounts. How to Protect Your Organization Implement the following strategies to reduce the […]

From Bureaucratic Reduction to Increased Organizational Accountability

Mandatory Appointment of a Data Protection Officer (DPO) The amendment transforms the DPO role from a voluntary position into a regulatory requirement for:    Similar to the GDPR, the DPO's role remains unchanged: ensuring compliance with the law, promoting data protection and security, serving as a knowledge and expertise hub, advising management and employees, developing training and monitoring […]

Amendment No. 13 to the Israeli Privacy Protection Law

On August 5, 2024, the Israeli Parliament approved Amendment No. 13 to the Privacy Protection Law, 5741-1981, marking one of the most significant updates since the law’s enactment. This amendment aims to enhance privacy protections by aligning Israeli law with global standards, particularly the European Union's GDPR. It introduces key changes such as redefining core […]

Forex Regulatory

Forex (foreign exchange) trading requires stringent licensing due to the speculative and high-risk nature of the market. The forex market is by far the largest, most liquid market in the world, with more than $5 billion traded daily. Due to its decentralized and global nature, the forex market has been more prone to fraud and […]

The AI Act in the European Union

(Effective in 2025) The EU's AI Act is the first comprehensive legal framework to regulate artificial intelligence. It categorizes AI systems by risk levels, imposing stricter rules on high-risk applications such as healthcare, law enforcement, and public services. The legislation ensures AI systems are transparent, safe, and aligned with fundamental human rights. It also promotes […]

Amendment 13 Legislation Update

As the legislative process for Amendment 13 progresses, the obligation to appoint a Data Protection Officer (DPO) will become mandatory for many organizations. Non-compliance with this requirement could result in severe financial sanctions. The Knesset discussions on the wording of Amendment 14 have finally concluded, and the amendment, which is expected to be approved soon, […]