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DORA requires banks, insurance companies and investment to strengthen their IT security. The EU regulation also seeks to ensure the financial services industry is resilient in the event of a severe disruption to operations. These IT providers often deliver "critical digital services to customers," said Joe Vaccaro, general manager of Cisco-owned internet quality monitoring firm ThousandEyes. This has made banks and other financial services providers more vulnerable to cyberattacks and other incidents. DORA will focus more on banks' digital supply chain — which represents a new, potentially less comfortable legal dynamic for financial firms.
Persons: DORA, DORA —, Charles Schwab —, Mike Sleightholme, Joe Vaccaro, Banks, Vaccaro, Sleightholme, it's, Carl Leonard, Leonard, Stephen McDermid, Okta, Fredrik Forslund, Blancco, there's, Forslund Organizations: Getty, Financial, European Union, CNBC, JPMorgan Chase, Santander, Visa, Broadridge, Cisco, EU, Data Locations: European, EU, DORA, noncompliance
As electric cars and SUVs move toward 5% of the new-car market in the U.S. and 9% globally, few airlines have made any major push toward electric planes. Sustainability plans being pursued by American Airlines , Delta Air Lines and Southwest Airlines barely mention electric planes. "Go back to the 1990s, there were hundreds of small aircraft serving a lot of communities that have now lost service." "There are literally dozens of companies that wouldn't have worked that are now viable startups that you'll hear about United Airlines and United Ventures investing in in the coming months." Most likely, electric planes will serve small markets, hydrogen-powered planes will serve medium-sized passenger loads, and SAF-powered jet engines will serve major cities.
Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.
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