DORA in response to cyber attacks in the financial sector
The number of cyber attacks on the financial sector is increasing worldwide, and in Germany, too, according to the financial regulator BaFin, cyber attacks pose a great danger, especially for banks and insurers and their service providers. In response, the EU has passed the Digital Operational Resilience Act (DORA). . Veritas Technologies, provider of secure multi-cloud data management, shows why the regulation should be seen as an opportunity for financial institutions to strengthen their resilience and significantly increase their level of cybersecurity. DORA defines specific requirements for the risk management of financial service providers and contains legal regulations on...
