Is Your Business Ready for the Next Big Cybersecurity Challenge?
Imagine this: A critical system at a major financial institution suddenly goes offline due to a cyberattack. Transactions stall, customer data is at risk and regulatory fines loom. Could your business withstand such an event?
With increasing cyber threats and strict compliance requirements, financial institutions must ensure their systems are resilient and secure. This is where the Digital Operational Resilience Act (DORA) comes in: setting new standards for cybersecurity and operational resilience across the EU’s financial sector.
Understanding the Digital Operational Resilience Act (DORA)
DORA, a crucial EU regulation, entered into force on 16 January 2023 and applied to financial entities and their third-party suppliers starting 17 January 2025. Designed to enhance the IT security of financial entities – including banks, insurance companies, and investment firms – DORA ensures that the European financial sector can remain operational during severe disruptions. It establishes a harmonised framework for 20 different types of financial entities and their ICT third-party service providers.
In today’s digital landscape, financial organisations face relentless cybersecurity threats. DORA mandates robust measures to protect sensitive data and guarantees business continuity, ensuring that institutions are prepared to mitigate, withstand and recover from IT disruptions.
The Role of Data Security & Operational Resilience in Financial Institutions
With the growing complexity of financial operations and cybersecurity threats, businesses need to adopt advanced data management strategies to stay compliant with regulations like DORA. Protecting sensitive data is not just about avoiding regulatory fines but about ensuring that operations continue without disruption.
A dedicated partner with expertise in data management can help navigate the intricate data privacy laws and ensure a business remains resilient in the face of both external and internal IT disruptions. Partnering with the right experts can lead to:
- Compliant data management across your systems landscape
- Smooth data transfers and seamless continuity of operations in the event of a disruption
- The protection of sensitive employee data and assurance of compliance with evolving regulations across different regions
Navigating the Complex Web of Data Privacy Laws
As financial institutions expand globally, they must comply not only with DORA but also with a growing number of localised data privacy laws, including:
- GDPR (Europe) – Stringent data protection requirements
- CCPA (California, USA) – Consumer data privacy rights
- China’s PIPL – Strict data localisation and cross-border transfer controls
- India’s DPDP Act – Emerging data privacy mandates
While DORA primarily focuses on financial system resilience, organisations still need to manage data security across multiple regulatory frameworks.
A partner with deep expertise in data management can help businesses navigate these complex challenges, ensuring that they remain compliant in an increasingly stringent regulatory environment.
