Around the world, and particularly over the past few years, regulators have been looking for ways to strengthen the resilience of the financial sector. In the European Union, regulators within the European Commission (EC) have taken a concrete step to meet this objective through the Digital Operational Resilience Act (DORA). The EC published a draft version of DORA in September 2020.

The Nightfall blog is a knowledgebase for cybersecurity professionals with news and insights from the world of cloud security. Each week, we’re publishing new content to help you stay up-to-date on cybersecurity topics and to prepare you for the issues and threats that occur every day on the job.

Boards of Directors constantly need to be educated about and aware of their organizations’ cybersecurity posture. Regulations hold them responsible for decision-making and governance. Meanwhile, increased ransomware attacks pose a financial risk to their shareholders. To enhance the risk analysis, questions like these can provide visibility into the company’s strategy.