UPDATES

The Payment Made to an IBAN Modified by a Hacker Releases the Insurance Company

In December 2023, in a proceeding pending before the Justice of Peace of Milan, the claimant requested an insurance company the payment of an amount which the insurance company had already made to an IBAN faked by a hacker. Specifically, following an incident, an insurance company acknowledged a settlement amount of €6,000.00. When the beneficiary […]

Lawful Dismissal as a Consequence of Sexual Allusions

The Italian Supreme Court, with the very recent decision no. 23295/2023, stated that the dismissal of a person, who makes sexual allusions, is lawful and such behaviors cannot be justified because of their lightheartedness or superficiality. The Italian Supreme Court condemned the behavior of the employee who made verbal sexual allusions to another employee, who worked as a bartender. […]

Protection of Parties: What Steps Can Be Taken If the Court-Appointed Technical Consultant Makes Use Of Unauthorized Documents.

Based on Supreme Court judgment No. 31744 of 15 November 2023, the Party-appointed technical consultant cannot plead the invalidity of the technical report on the grounds that the Court-appointed technical consultant has used unauthorized documents. However, it is to be noted that this objection can be made, pursuant to art. 157, paragraph 2 c.p.c. either […]

ESAs – Joint Consultation Launched on the Second Series of Strategic Tasks Under DORA

The ESAs (EBA, ESMA, and EIOPA) initiated a public consultation on December 8 regarding the second set of political mandates under the Digital Operational Resilience Act (DORA). DORA aims to comprehensively address ICT risk management in the financial services sector and harmonize the existing regulations on ICT risk management in each EU State. For this […]

EIOPA – Feedback on Approaches to Combat Greenwashing

On December 12, the European Insurance and Occupational Pensions Authority (EIOPA) launched a public consultation on the draft opinion regarding sustainability disclosures and greenwashing. The increasing global awareness of sustainability has led more insurance consumers and pension savers to invest in sustainable products. However, there has been a rise in greenwashing phenomena involving marketing techniques […]

Consob – Regulation for Finance on DLT Platforms

The public authority responsible for regulating the Italian financial markets (Consob) announced on 11 December that, following the conclusion of its public consultation with the market, it had adopted the Regulation aimed at governing the circulation of financial instruments based on Distributed Ledger Technologies (DLT), as provided for in Legislative Decree No. 25/2923 (Fintech Decree). […]

ANIA – Guidelines against fake insurance websites

The National Association of Insurance Companies (ANIA), by means of a statement published on its website, announces the creation of guidelines addressed to insurance companies to prevent and combat the spread of websites containing false insurance policies. As stated by the Association, the phenomenon of “fake” sites is increasingly widespread, and scammers often replicate perfectly […]

The Italian Data Protection Authority and the National Cybersecurity Agency have approved the “Guidelines on cryptographic functions – password storage”

On December 12, 2023, the Italian Data Protection Authority and the National Cybersecurity Agency approved the “Guidelines on cryptographic functions – password protection” (“Guidelines”). The purpose of the Guidelines is to provide recommendations on cryptographic functions deemed currently most secure for protecting the passwords of users stored within systems of companies and administrations acting as […]