🚨 Navigating Cybersecurity in Financial Services: The Role of DORA 🚨 In today's interconnected world, financial institutions play a crucial role in servicing the public. However, this crucial responsibility also makes them prime targets for cyber attacks. The Digital Operational Resilience Act (DORA) has emerged as a game-changer in strengthening our defenses. By integrating and reinforcing existing regulations, including EBA guidelines and NIST frameworks, DORA offers a comprehensive approach to cybersecurity. Here's why DORA is pivotal: 🔐 Unified Framework: It consolidates multiple regulations into a single, robust framework, ensuring a coherent and streamlined approach to cybersecurity. 📈 Enhanced Resilience: DORA mandates stringent provisions for operational resilience, pushing financial entities to fortify their defenses against evolving threats. 🔍 Holistic Oversight: It emphasizes the need for regular testing, reporting, and continuous improvement, making institutions more resilient and responsive to potential cyber threats. As we move forward, DORA stands as a critical measure in safeguarding the integrity of our financial systems and ensuring the safety of the public. Let’s embrace these regulations and work together to bolster our cyber defenses. #Cybersecurity #DORA #FinancialServices #OperationalResilience #EBA #NIST #Compliance #RiskManagement
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CIOs: Safeguard Your Financial Empire with KPMG's IAM. In finance, one access slip-up can cost millions. Don't let data breaches tarnish your reputation or bottom line. KPMG's IAM as a Service delivers: •Innovative risk management • Seamless regulatory compliance • Enhanced operational efficiency • Robust cybersecurity posture • Scalable, future-proof solutions Protect your digital assets and drive innovation. Let KPMG be your strategic advisor in the fight against cyber threats. 👉 Fortify your defenses now:
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⏳ The Countdown to the FFIEC CAT sunset has begun: Are you ready? The impending sunset of the FFIEC Cybersecurity Assessment Tool (CAT) is a critical milestone for financial institutions. With the transition deadline approaching in the new year, now's the time to prepare. Why act now? → Proactive transition planning avoids the scramble of last-minute compliance updates → Early adoption of a robust framework like the Cyber Risk Institute (CRI) Profile can enhance your cybersecurity strategy and align with evolving regulatory expectations → Strategic implementation ensures your institution stays ahead of risk and regulatory shifts, positioning you for long-term success → Waiting until the deadline risks operational disruption, misalignment with new standards, and unnecessary stress—starting now allows your team to plan, test, and implement changes seamlessly Don’t let the sunset catch you unprepared. Learn more about what the FFIEC CAT sunset means for your institution and how to start your transition today 👉 https://lnkd.in/dVJTmM-E #FFIECCAT #CyberSecurity #RiskManagement #FinancialInstitutions #Compliance
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🔍 DORA: What You Need to Know Before D-Day and Beyond Are you ready for January 2025? With just six months left, it's crucial for every payments firm operating in the EU to comply with the Digital Operational Resilience Act (DORA). Our partner, Vixio Regulatory Intelligence, has prepared a DORA Guide to help payments firms prepare to implement the five pillars of DORA: 1. ICT Risk Management 2. Incident Reporting 3. Digital Operational Resilience Testing 4. Management of Third-Party Risk 5. Information Sharing In an era of digital transformation and rising cyber threats, robust cybersecurity measures are more important than ever. DORA provides a structured framework to enhance your organisation's digital resilience. Check out the guide to ensure you're prepared for DORA-Day and beyond. 📥 https://lnkd.in/g6VG8mR7 #DORA #DigitalResilience #Cybersecurity #ICTRiskManagement #IncidentReporting #OperationalResilience #ThirdPartyRisk #InformationSharing #DigitalTransformation #Compliance #EURegulations
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🚀 Are You Ready for DORA? Securing the Future of Finance 🚀 The EU’s Digital Operational Resilience Act (DORA) is a game-changer for cybersecurity in the financial sector. But what does it mean for businesses? 💡 DORA at a Glance DORA aims to ensure financial firms across the EU can withstand cyber threats by focusing on prevention, detection, response, and recovery. 🔑 Why It Matters Beyond compliance, DORA is about safeguarding operations, protecting data, and building trust. It emphasizes strong security practices and ongoing resilience testing. 🛠️ What’s Next? Adapting to DORA means enhancing ICT risk management and improving incident response. Ultimately, it’s about preparing for a more secure, resilient future. Is your organization ready for #DORA? 🌐#DigitalResilience #CyberSecurity #RiskManagement #BusinessContinuity #Finance
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📢 There's still time to sign up! 📢 As we embrace the final month of 2024, it's also time for the final webinar in our NYDFS Cybersecurity Regulation webinar series. And this session is all about practical application so you can start your 2025 cyber and compliance resolutions with everything you need! 🗓️ Date: December 4, 2024 (THIS WEDNESDAY!!) ⏰ 12:00 ET Our experts, Richard Suls, John Jarrold, and Miguel Gutierrez, will guide you through a live demo case, showing you how to implement key regulatory requirements in real-world scenarios. What’s in store for you? ✔️ Interactive Demo: See how to meet key regulatory requirements in action. ✔️ Live Q&A: Get your burning questions answered by our experts. ✔️ Deep Dive: Explore the toughest compliance challenges and how to overcome them. Don't miss out on this opportunity to enhance your compliance strategies and stay ahead of the curve. Register now! Don’t miss this opportunity, register here: https://lnkd.in/dUiKxMYD
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Dawn of “DORA”: Is your business compliant with the Digital Operational Resilience Act? As of January 2025, the EU’s “Digital Operational Resilience Act” will introduce significant EU regulatory framework, impacting the financial sector and its IT providers. 💻 Using incident reporting and response, DORA regulations ensure a proactive response to risk management for those in the financial sector, helping to mitigate threats through secure cybersecurity practices. In order to conform, financial institutions should conduct regular penetration testing to identify vulnerabilities and receive comprehensive reporting. Depending on their current practices, some organisations may feel the strain achieving compliance! 😬 With the help of OnSecurity’s pentesting services, organisations can improve their security position, ensuring compliance is hassle-free. 🌟 🚀 For more information on the changing state of cyber threats in the financial sector, and how to achieve DORA compliance, check out the blog article here: https://lnkd.in/eMzuFJwp
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📅 In just six months, the European Union’s Digital Operational Resilience Act (DORA) will come into force, ensuring the financial services sector and its IT suppliers can function during a cyber attack or IT outage. As European financial institutions and third-party IT vendors prepare for DORA’s introduction, Nicholas Fearn looks at: ✅ Key requirements and their impact on an organisation’s day-to-day operations ✅ The importance of implementing a robust IT risk management strategy and performing due diligence on your suppliers ✅ How the ISO 27001 framework provides a baseline for managing cyber risk for businesses preparing for DORA. Learn how you can bolster your information security and prepare for the implementation of DORA 👇 https://lnkd.in/eJuwHNAs 🗣️ Rayna Stamboliyska- RS Strategy, Crystal Morin- Sysdig, Graham Thomson- Irwin Mitchell, Martin Greenfield- Quod Orbis, Sean W.- Featurespace, Marc Lueck- Zscaler #DigitalOperationalResilienceAct #InformationSecurity #FinancialServicesSecurity #Cybersecurity #DORA
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