Financial entities throughout the European Union are preparing for the Digital Operational Resilience Act (DORA), a new piece of legislation to strengthen the digital resilience of credit institutions, investment firms, insurers, and more. DORA focuses on breach prevention and cyber resilience, meaning financial institutions must prioritize both protecting their attack surface and incident response planning.

Disasters rarely strike with advanced notice. That’s especially true in the business world, where there’s no such thing as a business meteorologist to forecast potential threats that may beset a company’s personnel or assets. That’s where a Business Continuity Plan comes into play.

Financial institutions, banks, accounting firms, credit unions, and hedge funds may struggle to stay compliant and protect themselves from cyberattacks’ rising frequency. While data security may be top of mind for financial organization teams, they can gain peace of mind and set themselves up for long-term growth by partnering with a managed cloud services provider.

Cyber Security is increasingly important in the finance sector, as financial institutions need to protect customer data. Financial organisations handle a huge amount of valuable information, from account details and passwords to credit card numbers and personal identities. With this comes an increased risk of cybercrime and malicious attacks on their networks and systems.