Digital Operational Resilience Act

How Cyber Risk Ratings Drive DORA Compliance in 2025

How Cyber Risk Ratings Drive DORA Compliance in 2025 In the dynamic digital landscape of 2025, the drumbeat of cyberattacks continues to intensify, pushing regulatory bodies to fortify critical sectors. The European Union, recognising the existential threat posed to its financial stability, has introduced the Digital Operational Resilience Act (DORA). This groundbreaking legislation, now a cornerstone of European financial security, aims to ensure that banks, insurance companies, investment firms, and their vital third-party ICT providers can withstand and swiftly recover from severe operational disruptions. For cybersecurity specialists, understanding and leveraging modern tools to achieve DORA compliance is paramount. DORA is more than just another regulatory hurdle; it's a unified commitment to operational resilience across the entire EU financial system. With the power to impose steep penalties—up to 1% of average daily worldwide turnover for non-compliance—DORA demands a proactive and comprehensive approach to risk management, rather than a reactive "minimum viable

By |2025-05-30T12:10:23+00:00May 30th, 2025|Blog|0 Comments
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The Digital Operational Resilience Act: Essential Guide – Part 2

The Digital Operational Resilience Act: Essential Guide - Part 2 The European financial sector faces increasing cyber threats and operational disruptions. Consequently, the sector is now subject to the Digital Operational Resilience Act (DORA). This article, the second part of our essential guide, follows our initial overview of DORA in "Digital Operational Resilience Act: Essential Guide - Part 1". We now delve into the specific technical cybersecurity requirements and controls mandated by DORA. Our exploration will cover critical aspects including encryption, access control, network segmentation, real-time monitoring and threat detection systems. Financial entities must implement these systems to strengthen their digital defences. Furthermore, this article highlights the often-overlooked importance of contractual clauses with ICT providers. It also addresses the necessary resource allocation for testing and reporting as financial institutions actively navigate DORA compliance in 2025. DORA Cyber Security Requirements & Technical Controls DORA's technical security requirements establish prescriptive standards financial

By |2025-05-09T13:33:17+00:00May 9th, 2025|Blog|0 Comments
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The Digital Operational Resilience Act: Essential Guide – Part 1

The Digital Operational Resilience Act: Essential Guide - Part 1 The Digital Operational Resilience Act (DORA), effective January 2025, imposes significant cybersecurity obligations on more than 21,000 EU financial institutions. It demands robust technical safeguards, rapid incident reporting (within four hours), structured risk management and third-party oversight. This technical guide breaks down DORA's compliance parameters and offers actionable implementation strategies for the 2025 deadline. Understanding the DORA Digital Operational Resilience Mandate The Digital Operational Resilience Act constitutes a paradigmatic recalibration in EU financial sector cybersecurity governance. Diverging from conventional regulatory frameworks predicated primarily on capital adequacy, DORA establishes technological resilience as a coequal determinant of financial stability in mitigating digital disruption vectors. What DORA Means for Financial Firms in 2025 Upon full implementation on 17 January 2025, DORA will impose rigorous operational resilience parameters across over 22,000 financial entities operating within EU jurisdictions. This regulatory perimeter extends to a diverse

By |2025-04-30T13:58:41+00:00April 30th, 2025|Blog|0 Comments
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Digital Operational Resilience Act: Financial Institutions

Digital Operational Resilience Act: Financial Institutions The Digital Operational Resilience Act is a landmark piece of legislation designed to strengthen the cyber security and operational resilience of financial institutions within the European Union. As the financial sector continues to become increasingly digital, the need for robust defences against cyber threats has never been more critical. Digital Operational Resilience Act aims to address this need by establishing a comprehensive framework for managing digital risks and ensuring the stability of the financial system. In this article “Digital Operational Resilience Act: Financial Institutions”, we will delve into the key aspects of Digital Operational Resilience Act, explore the steps financial institutions can take to assess their existing frameworks and discuss strategies for implementing effective compliance and remediation measures. Understanding Digital Operational Resilience Act and Its Implications The Digital Operational Resilience Act (DORA) is a significant piece of legislation aimed at strengthening the resilience of

By |2024-11-22T15:59:34+00:00November 22nd, 2024|Blog|0 Comments
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