The importance of cybersecurity and operational resilience in the financial sector has never been more pronounced. The European Union (EU) has been at the forefront of addressing these critical issues, enacting comprehensive legislations to safeguard the digital infrastructure and ensure the continuity of financial services. Two pivotal pieces of legislation in this domain are the Directive on Security of Network and Information Systems 2 (NIS 2 Directive) and the Digital Operational Resilience Act (DORA). While both aim to bolster the security and resilience of the financial sector, they approach the goal from different angles, creating a complementary framework that addresses a broad spectrum of challenges. 

The importance of cybersecurity and operational resilience in the financial sector has never been more pronounced. The European Union (EU) has been at the forefront of addressing these critical issues, enacting comprehensive legislations to safeguard the digital infrastructure and ensure the continuity of financial services. Two pivotal pieces of legislation in this domain are the Directive on Security of Network and Information Systems 2 (NIS 2 Directive) and the Digital Operational Resilience Act (DORA). While both aim to bolster the security and resilience of the financial sector, they approach the goal from different angles, creating a complementary framework that addresses a broad spectrum of challenges. Read More