Tech Monitor is delighted to be joined by Richard Cassidy, Rubrik’s EMEA Field CISO, for exclusive insights into the Digital Operational Resilience Act (DORA). This new regulatory framework, formulated to strengthen the EU’s financial sector against operational disruptions and cyber-attacks, and it’s set to take effect soon!
Gain a comprehensive and actionable overview of DORA’s prescriptions, discover crucial strategies for building a compliance roadmap, and sync your business goals with a strong cyber resilience strategy.
Tap into Rubrik’s expertise to stay one step ahead of threats and ensure your cybersecurity strategy is both advanced and compliant! Register today to dive deeper into:
- Understand what are the five key requirements that financial services organisations need to comply with DORA;
- Acquire insights into how DORA is forcing financial services organisations to become more operational resilient;
- Explore how Rubrik can assist with DORA and how it can support financial services organisations to strengthen their operational resilience journey.
What is DORA?
The Digital Operational Resilience Act (DORA), the European Union legislation designed to accelerate cyber resilience capabilities among financial services institutions, is due to go into effect in early 2024. EU member states will need to abide by the law, which forces financial services organisations to improve their resilience to operations disruptions, such as cyberattacks, by placing much more emphasis on resilience and recovery as opposed to traditional detect-and-protect approaches.
Financial institutions—including banks, insurance companies, investment firms, cryptocurrency exchanges, and trading platforms, as well as their critical third parties—will need to align to DORA or run the risk of facing fines of up to 2% of their total annual worldwide turnover.