DORA Non-Compliance Could Cost Your Business
technative, Friday, March 21st, 2025
Prompted by a new era of cyber-attacks surging downtime and data breaches, the Digital Operational Resilience Act (DORA) regulation came into force on the 17th of January to reshape how organisations approach security, privacy and cybersecurity.
Cybercriminals are becoming increasingly daring and creative, with an expected rise in the exploitation of new vulnerabilities in 2025.
Recent trends highlight an alarming increase in cybercrime. Research by Security Scorecard revealed that 78% of Europe's largest financial institutions experienced third-party data breaches in the past year of which 84% were exposed to fourth-party breaches, underscoring the extensive reach of cyber threats within the financial sector. Further, according to the World Economic Forum's Global Cyber Security Outlook Report, supply chain vulnerabilities are emerging as the top ecosystem cyber risk with 54% of large organisations identifying supply chain challenges as the biggest barrier to achieving cyber resilience.