The financial landscape is evolving rapidly, and with it, the need for robust cybersecurity measures. Enter the Digital Operational Resilience Act (DORA), an EU regulation designed to fortify the operational resilience of the financial sector. DORA aims to create a standardized approach to cybersecurity and information system security across member states, safeguarding against ICT-related incidents. Who Needs to Comply? DORA’s reach extends to a wide range of financial institutions within the EU, encompassing banks, insurance companies, investment firms, and any critical third-party ICT service providers they rely on. The Compliance Timeline: While DORA became effective on January 17, 2023, financial institutions have a grace period until January 17, 2025 to fully align their practices with the regulation. This timeframe allows institutions to implement the necessary changes and achieve compliance. The Five Pillars of DORA Compliance: DORA establishes five key pillars that serve as the foundation for building operational resilience: Navigating the Path to Compliance: To achieve DORA compliance by the January 2025 deadline, financial institutions should take the following steps: By embracing DORA and its principles, financial institutions can build a more resilient and secure financial ecosystem. This not only protects their own operations but also instills trust within the financial sector as a whole.

Cyber attacks are a reality for all organizations. In this year’s cost of cyber crime research we focus on the importance of thriving and innovating while simultaneously reducing the financial and reputational consequences of a cyber attack. An important finding of this research is that a high security profile, as determined by the deployment of specific practices and technologies, will support business innovation and reduce the cost of cyber crime. Global Study at a Glance For purposes of this study, we define cyber attacks as criminal activity conducted via the Internet. These attacks can include stealing an organization’s intellectual property, confiscating online bank accounts, creating and distributing viruses on other computers, posting confidential business information on the Internet and disrupting a country’s critical national infrastructure. The goal of this study is to provide guidance to security professionals on how to focus their finite security resources on those solutions that most effectively protect organizations as they innovate and change. We do this by comparing the business innovations of companies participating in the research to the usage of specific security practices and technologies. Examples of innovation we include in this report are: taking on a new supplier or business partner, launching a significant new customer-facing application or reorganizing the company to achieve greater efficiencies. Nine characteristics of innovative and cyber secure organizations. Findings reveal the following characteristics of organizations that both innovate their operations to meet business objectives and minimize the financial and reputational consequences of a cyber crime. YOU CAN FIND MORE DETAILS IN THE LINK : https://www.ponemon.org/local/upload/file/2016%20HPE%20CCC%20GLOBAL%20REPORT%20FINAL%203.pdf

Imagine a team dedicated to safeguarding France’s digital world. That’s ANSSI, the French Cybersecurity Agency! Established in 2009, they act as the nation’s cyber shield, working tirelessly behind the scenes to keep citizens, businesses, and critical infrastructure safe from online threats. Understanding the Enemy: Knowledge is Power ANSSI doesn’t just react to cyberattacks; they’re always one step ahead. Their experts constantly hone their skills in IT security and stay updated on the latest cyber threats. They encourage everyone to do the same, promoting comprehensive risk analysis and fostering innovation in cybersecurity solutions. It’s like having a team of digital detectives constantly learning and adapting to keep us safe. Building a Culture of Cybersecurity: We’re All in This Together ANSSI understands that cybersecurity isn’t just about technology – it’s about people too. They work hard to raise public awareness about cyber threats and train government officials. They even advocate for more cybersecurity jobs and training opportunities. It’s like building a strong defense wall, where everyone plays a part in keeping the bad guys out.  Level Up Your Security Game ANSSI doesn’t just focus on awareness; they also take action. They advise the government on cybersecurity policies and support critical infrastructure operators. They’re like the architects and engineers of our digital ecosystem, designing robust frameworks and regulations to keep us safe. Standing Guard Against Digital Invaders Cyberattacks are a constant threat, but ANSSI is always on watch. They monitor cyber threats like digital sentries, constantly scanning for suspicious activity. They also develop advanced detection capabilities to identify attacks before they cause damage. If a cyberattack does occur, ANSSI steps in to assist victims and facilitate national and European efforts to manage the crisis. Meet the Team Behind the Scenes ANSSI is a well-oiled machine with dedicated departments working in concert. The Expertise Department provides the brains of the operation, offering technical assistance and deep knowledge. The Operations Department acts as the frontline defense, implementing strategies to protect national digital systems. The Strategy Department is like the mission control center, developing and implementing effective cybersecurity policies. Finally, the Resources Department ensures everything runs smoothly by managing resources and supporting the overall mission. ANSSI’s dedication to keeping France safe online makes our digital lives more secure. By understanding cyber risks, building a strong cybersecurity culture, and taking proactive measures, they ensure France remains a leader in the digital age.