Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The truth about cybersecurity is that it's almost impossible to keep hackers outside of an organisation, particularly as the cybercrime industry becomes increasingly sophisticated and their technology more advanced. Furthermore, once a hacker has broken through an organisation's defences, it is relatively easy to move within the network and access information without being detected for days and even months. This is a significant concern for Banking and Financial Services organisations, which house valuable sensitive and Personally Identifiable Information (PII).

For months, the impending Digital Operational Resilience Act (DORA) deadline has dominated boardroom discussions across the financial sector with its potential to reshape operational and regulatory practices. Now that DORA is officially in effect, attention has shifted to other matters, such as a new US presidential inauguration, AI, and fiscal concerns for 2025. Yet DORA should remain a major cause for concern as the regulation is now active and enforcement has begun. Given its likely strict enforcement, financial organisations and third parties must maintain focus on compliance to avoid major regulatory and operational risks.

As we enter 2025, the global economic landscape remains a mix of challenges and potential shifts that will shape markets and industries worldwide. From high interest rates to the evolving impact of AI, there are several key factors that will define the year ahead. While there will be friction in some areas, persistence, agility and out-of-the-box thinking will ensure a competitive edge.