Strengthening Cybersecurity and Operational Resilience in the Financial Sector

Recent years have witnessed a string of high-profile outages and business disruptions at European banks, underscoring the significant threat posed by the lack of resilience within the industry. In response to these challenges and with the aim of bolstering the stability, security, and competitiveness of the European financial sector, the European Council has taken decisive action. This has involved consolidating existing national regulations to create more robust operational resilience across the financial services sector.

The culmination of these efforts is the Digital Operational Resilience Act (DORA), a comprehensive framework designed to manage Information and Communication Technology (ICT) risk for European financial institutions. With provisions encompassing cybersecurity, incident response, outsourcing, and data governance, DORA mandates a multifaceted approach to safeguarding critical infrastructure and customer data against cyber threats and operational disruptions. As financial organizations strive to align their cybersecurity strategies with these requirements, they need advanced technological solutions that offer a holistic, proactive approach to security measures.

Bridge the Gap Between DORA’s Theoretical Framework and Practical Application

Breaking down and understanding the articles that make up DORA is paramount for those tasked with safeguarding digital operations within their organizations. The regulation is structured around five essential pillars that address protecting the digital operational landscape in a holistic way. These pillars are foundational components that require meticulous integration into digital operational risk management frameworks.

In the following sections, we will dissect each pillar, offering insights into the objectives and implications of each. Moreover, we aim to bridge the gap between DORA’s theoretical framework and practical application by showcasing how Armis’ innovative platform can be leveraged to achieve and maintain compliance. This ebook serves as a roadmap that highlights Armis capabilities to technical professionals navigating the complexities of DORA. When put into action, it offers real world guidance to ensure that your infrastructure is not only compliant with DORA but also robust enough to thrive in the face of growing cyber threats.

Download the e-Book to continue reading about how Armis empowers financial organizations to map their cybersecurity initiatives to the requirements outlined by DORA.