As we approach 2025, financial institutions across the EU face the challenge of complying with the Digital Operational Resilience Act (DORA), which is set to take effect on the 17th of January. DORA is focused on strengthening cybersecurity and operational resilience across financial ecosystems, with the consequences for non-compliance ranging from regulatory fines to reputational damage and an increased risk of cyberattacks.

Data is the fuel that keeps the engine of any organisation running efficiently. Its growing importance is becoming a frequent topic of conversation in boardrooms and strategy meetings. Companies increasingly know the need to protect their sensitive information and continue investing heavily in cybersecurity measures. However, this approach has a critical oversight: The assumption that investing in cybersecurity alone is sufficient to safeguard data.

For years, businesses have been chasing innovation with cloud platforms, moving beyond the limitations of legacy technology for greater speed and agility, and sharpening their competitive edge. However, all businesses often face challenges that complicate cloud migration, driving up costs and timelines while exposing the business to data security risks. Ultimately, these challenges block businesses from experiencing the true benefits of cloud integration, and in some cases, lead to significant breaches and regulatory fines.