DORA Takes Effect: Financial Firms Still Navigating Compliance Headwinds
The EU’s DORA regulation is in effect as of January 17, with mixed evidence around compliance levels among financial firms
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Background for this topic.
Compliance in information security means following specific laws, standards, and regulations that govern how organizations protect sensitive data. These rules, such as GDPR, HIPAA, and PCI DSS, set requirements for data handling, access controls, encryption, and breach notification. Compliance frameworks often mandate regular audits and documented security practices to verify that organizations meet these requirements.
Meeting compliance obligations helps reduce risks like unauthorized data access, data leakage, and inadequate incident response. It also shapes security architecture by enforcing controls on data storage, transmission, and user privileges. For security teams, compliance drives the implementation of measurable safeguards and continuous monitoring, ensuring that security measures align with legal and industry expectations rather than relying solely on voluntary best practices.
The EU’s DORA regulation is in effect as of January 17, with mixed evidence around compliance levels among financial firms
Compliance with the Digital Operational Resilience Act (DORA) has cost many businesses over €1 million, according to research from Rubrik