- KYND calls on financial firms to adopt a proactive approach to cyber resilience in compliance with the EU’s Digital Operational Resilience Act (DORA).
- The company emphasizes long-term strategies to mitigate risks and enhance operational security.
What happened: KYND urges financial firms to prioritize long-term cyber resilience under DORA
KYND, a cyber risk management firm, has urged financial institutions to focus on building long-term cyber resilience to meet the requirements of the EU’s Digital Operational Resilience Act (DORA). DORA, which came into effect recently, mandates that financial firms ensure their operational systems are robust enough to withstand cyber threats and disruptions.
KYND highlighted the need for a proactive approach, including regular risk assessments, advanced monitoring, and incident response planning. The company also emphasized the importance of integrating these strategies into broader business continuity plans to ensure compliance and safeguard against evolving cyber threats.
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Why it’s important
With the growing complexity and frequency of cyber threats, regulatory frameworks like DORA play a crucial role in ensuring the stability and security of financial operations. KYND’s call to action underlines the importance of long-term planning and investment in cybersecurity measures to protect not only regulatory compliance but also business reputation and customer trust.
As financial firms navigate these new requirements, adopting a proactive stance will be key to mitigating risks, minimizing disruptions, and maintaining operational resilience in an increasingly digital landscape.
