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Security Weekly Podcast Network (Audio)

Enforcement of the Digital Operational Resilience Act (DORA) - Madelein van der Hout - BSW #381

Feb 5, 2025
Madelein van der Hout, Senior Analyst at Forrester, delves into the Digital Operational Resilience Act (DORA), a crucial framework to bolster the resilience of financial institutions against cyber threats. She discusses the compliance landscape, revealing the hefty fines for non-compliance and the importance of unified standards across Europe. The conversation also touches on the role of C-suite executives in fostering a cybersecurity culture, emphasizing accountability and effective communication as keys to operational success. Tune in for valuable insights!
01:02:04

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Quick takeaways

  • DORA aims to enhance the digital operational resilience of financial entities by establishing robust measures against cyber threats and disruptions.
  • Smaller financial organizations face significant compliance challenges under DORA, often dedicating a large portion of their budgets to cybersecurity.

Deep dives

Understanding DORA's Significance

The Digital Operational Resilience Act (DORA) is a critical EU regulation aimed at enhancing the digital operational resilience of financial entities and their critical ICT service providers. This regulation arises from the increasing reliance on digital systems and the escalating cyber threats that accompany them. A notable example illustrating this need comes from a 2017 incident where a person unable to prove payment due to a digital disruption faced serious consequences, highlighting the risks of insufficient cybersecurity measures. DORA aims to fortify resilience by harmonizing standards across the EU, ensuring financial entities are better equipped to handle potential digital disruptions.

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