CySEC recently revealed that it has plans to strengthen its regulatory practices through new tools and technologies. That was revealed by CySEC’s Chairman, Dr George Theocharides, at a recent press-conference. He particularly focused on the need to identify suspicious practices as soon as they appear. Dr Theocharides identified several key innovative implementations: -Big Data Management System that screens data in quickly from a huge amount of trading activity and automatically detects irregular or risky behavior at a very early stage, which would allow the agency to react before they they become a full-blown problem -A specialized tech system that would monitor all online social media and marketing activities of all its regulated entities for a similar purpose as before. -A Data Governance Framework (DGF) that would allow CySEC to have a proactive response to issues by visualizing CySEC data problems by charts or alert systems. - The Enterprise Risk Management Framework (‘ERM-F’) which will allow CySEC to assess various risks from current, past, or future activities. CySEC also announced that they will be expanding their team of supervisors so that they can be more productive. Since October last year some 31 staff members have joined CySEC, 15 of whom are on supervisory duty. Scammers and shady companies constantly use new technologies, it only makes sense for regulators to do the same, I think.