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Ananda Narayanan G.

Global Head, GRC and Data Privacy CoE, Banking and Financial Services Cybersecurity Practice

Highlights

  • The Digital Operational Resilience Act (DORA) will strengthen the cyber security posture of financial firms in the EU by helping them adopt a standardized cybersecurity framework. 
  • Implementing DORA guidelines is expected to help firms reduce regulatory compliance costs and withstand security incidents.
  • The regulation will also enhance sharing of intelligence regarding cyber threats between trusted communities of financial institutions within the EU.