EMEA Regulatory Compliance
Are you ready for DORA?
By January 2025, financial services organisations must implement the Digital Operational Resilience Act (DORA) to meet the European Union’s latest standards for cyber resilience. Explore how Rubrik can assist with DORA.
Financial Institutions are in the Top 2 Industries for Cyberattacks
Financial services institutions face more pressure than ever to level up their data security strategies against daily escalating cyber threats. This sector is in the top two cyber hit-list industries, and 60 percent of global financial institutions with assets under $5 billion encountered ransomware attacks in 2022 alone.
To mitigate the impact of cyber threats and accelerate cyber resilience, financial services organisations will be required to implement the Digital Operational Resilience Act (DORA). Fines for non-compliance can go up to 2 percent of their total annual worldwide turnover.
How Rubrik Can Assist With DORA
DORA is a European Union regulation designed to accelerate cyber resilience capabilities among financial services institutions. EU member states will need to abide by the law, which will require financial services organisations to improve their response to operational disruptions, such as cyberattacks.
Rubrik can help organisations align to the following core pillars of DORA:
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ICT Risk Management
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ICT-related Incident Reporting
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Operational Resilience and testing
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Third Party Risk Management
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Intelligence Sharing
Case Studies
Trusted by the World’s Leading Financial Services Organisations
Compliance regulations continue to evolve and change. Our financial services customers have peace of mind knowing that Rubrik can help them manage constantly changing compliance requirements. See more stories in our financial services customer lookbook.
"As a financial institution, we are required to protect our clients’ data by enforcing strict SLAs...With the assistance of Rubrik’s support team, we now have a report that satisfies our external audit team. With Rubrik, we have a one-click procedure to produce SLA reports, which show we are indeed compliant with regulatory requirements."
“As our company has grown, so has the demand for enhanced IT performance. Our external customers, which include financial and insurance companies, are asking us to adhere to strict SLAs. Rubrik has also allowed us to increase operational efficiency by streamlining our data management processes, allowing us to utilise our team’s resources.”
“As a bank, we cannot close our doors to our clients. Downtime is not an option.Rubrik allows us to remain agile, staying current with the market demand, and where the bank wants to be from a strategic level.”
Resources
Featured Content
How to Turn Regulatory Compliance into an Effective Strategy for Cyber Resilience
Hear from industry experts how regulations, such as DORA, prioritize resilience and recovery over traditional detect-and-protect approach.
How Rubrik Can Assist With The Digital Operational Resilience Act (DORA) & Rubrik
DORA is a European Union regulation designed to accelerate cyber resilience capabilities among financial services institutions. EU member states will need to abide by the law, which will require financial services organisations to improve their response to operational disruptions, such as cyberattacks.