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EU PSD3 and Payment Services Regulation (Proposed) for CISOs

What does EU PSD3 and Payment Services Regulation (Proposed) require of a CISO?

The proposed EU Payment Services Directive 3 (PSD3) and Payment Services Regulation (PSR), published by the European Commission in June 2023, will replace PSD2. Under EU PSD3 and Payment Services Regulation (Proposed), a CISO's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.

Which EU PSD3 and Payment Services Regulation (Proposed) controls land on the CISO

CISOs own the organisation's information security strategy, budget, and risk posture. They translate compliance requirements into security programmes, report to the board, and balance security investment against business objectives.

EU PSD3 and Payment Services Regulation (Proposed) includes requirements that directly affect the CISO role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.

What a CISO is accountable for under EU PSD3 and Payment Services Regulation (Proposed)

1

Defining and executing the information security strategy aligned to business goals

2

Presenting cyber risk posture and compliance status to the board and executive team

3

Allocating security budget across people, process, and technology investments

4

Managing the security organisation and building a security-aware culture

5

Overseeing incident response capability and crisis management readiness

Where CISOs lose time on EU PSD3 and Payment Services Regulation (Proposed)

These are the most common obstacles CISOs face when managing EU PSD3 and Payment Services Regulation (Proposed) compliance, and how to address them:

Challenge 1

Justifying security investment to the board with clear business metrics

Challenge 2

Managing compliance across multiple frameworks without duplicating effort

Challenge 3

Hiring and retaining qualified security professionals in a competitive market

Challenge 4

Keeping pace with evolving threats while maintaining compliance baselines

Challenge 5

Balancing security controls with business agility and user experience

A working order for a CISO starting on EU PSD3 and Payment Services Regulation (Proposed)

1. Readiness Assessment

Take a 5-minute readiness assessment to identify your organisation's current gap profile against EU PSD3 and Payment Services Regulation (Proposed). Get a prioritised action plan tailored to your specific situation.

2. Cross-Framework Mapping

Use our platform to map EU PSD3 and Payment Services Regulation (Proposed) controls against other frameworks you already comply with. EU PSD3 and Payment Services Regulation (Proposed) maps to 506 other frameworks in our database.

3. Build Your Toolkit

Equip yourself with EU PSD3 and Payment Services Regulation (Proposed) toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for CISOs managing compliance programmes.

4. Continuous Monitoring

Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.

EU PSD3 and Payment Services Regulation (Proposed) in your sector

EU PSD3 and Payment Services Regulation (Proposed) for Healthcare→EU PSD3 and Payment Services Regulation (Proposed) for Financial Services→EU PSD3 and Payment Services Regulation (Proposed) for Technology→EU PSD3 and Payment Services Regulation (Proposed) for Government→EU PSD3 and Payment Services Regulation (Proposed) for Manufacturing→EU PSD3 and Payment Services Regulation (Proposed) for Energy→EU PSD3 and Payment Services Regulation (Proposed) for Retail→EU PSD3 and Payment Services Regulation (Proposed) for Education→

Who else owns part of EU PSD3 and Payment Services Regulation (Proposed)

EU PSD3 and Payment Services Regulation (Proposed) for Compliance OfficersView guide →EU PSD3 and Payment Services Regulation (Proposed) for Risk ManagersView guide →EU PSD3 and Payment Services Regulation (Proposed) for IT DirectorsView guide →EU PSD3 and Payment Services Regulation (Proposed) for DPOsView guide →EU PSD3 and Payment Services Regulation (Proposed) for AuditorsView guide →

Questions CISOs ask about EU PSD3 and Payment Services Regulation (Proposed)

What does a CISO need to know about EU PSD3 and Payment Services Regulation (Proposed)?
As a CISO, your key responsibilities under EU PSD3 and Payment Services Regulation (Proposed) include defining and executing the information security strategy aligned to business goals and presenting cyber risk posture and compliance status to the board and executive team. Understanding which controls you own versus which are shared with other teams is critical for effective implementation.
How does EU PSD3 and Payment Services Regulation (Proposed) affect the CISO role?
EU PSD3 and Payment Services Regulation (Proposed) directly impacts CISOs through defining and executing the information security strategy aligned to business goals, presenting cyber risk posture and compliance status to the board and executive team, allocating security budget across people, process, and technology investments. The framework provides structure that helps CISOs demonstrate due diligence and report compliance status to stakeholders.
What are the biggest EU PSD3 and Payment Services Regulation (Proposed) challenges for CISOs?
Common challenges include justifying security investment to the board with clear business metrics; managing compliance across multiple frameworks without duplicating effort; hiring and retaining qualified security professionals in a competitive market. Using cross-framework mapping tools and automated evidence collection can significantly reduce these pain points.
How should a CISO prepare for a EU PSD3 and Payment Services Regulation (Proposed) audit?
Start by conducting a readiness assessment to identify gaps. Then focus on allocating security budget across people, process, and technology investments and managing the security organisation and building a security-aware culture. Maintain a current evidence repository and ensure all control owners have documented their processes. Our readiness reports provide a prioritised action plan specific to your gap profile.
What tools help CISOs manage EU PSD3 and Payment Services Regulation (Proposed) compliance?
Effective EU PSD3 and Payment Services Regulation (Proposed) compliance management requires tools for gap analysis, control mapping, evidence collection, and reporting. Our compliance platform provides AI-powered gap analysis across 1,121 frameworks with 315K+ verified control-to-control mappings, helping CISOs identify overlapping requirements and reduce duplicate compliance effort.

CISO: How ready is your organisation for EU PSD3 and Payment Services Regulation (Proposed)?

Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.

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Written and maintained by Gerard Blokdyk, The Art of Service.