Nov 19, 2024, 10:02 AM
(from FEI) Recent research undertaken by Security Scorecard indicates that in 2023, 78% of European financial institutions experienced a data breach involving a third party. The upcoming Digital Operational Resilience Act (DORA), set to come into effect in January 2025, aims to change the data security regulatory landscape by mandating financial institutions adopt a proactive, multi-layered approach to managing ICT-related risks. The regulation will introduce robust requirements related to mitigating and recovering from cyber incidents.
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