Cybersecurity Regulations

Cybersecurity Regulations

Wednesday, November 15, 2023 12:15—13:15

DORA: What are the Main Challenges Facing the Financial Industry?

The Digital Operational Resilience Act (DORA), which entered into force on 16 January 2023 and will apply from 17 January 2025, aims to enhance the digital operational resilience of entities across the EU financial sector and to further harmonise key digital operational resilience requirements for all EU financial entities. DORA sets out uniform requirements for the security of network and information systems of companies and organisations operating in the financial sector as well as critical third parties which provide ICT (Information and Communication Technologies) services to them, such as cloud computing or data analytics services. DORA creates a regulatory framework on digital operational resilience, whereby all financial entities need to make sure they can withstand, respond to, and recover from all types of ICT-related disruptions and threats. These requirements are homogenous across the EU, with the core aim to prevent and mitigate cyber threats. DORA is complemented with several “regulatory technical standards (‘RTS’)” which give more details on requirements for cyber security.

As the whole DORA legislation cannot be presented in a short timeframe, I will focus on the part that is most important to ensure cybersecurity and the part that is the most interesting one for the audience, the RTS on ICT Risk Management Framework. I will give a quick overview and highlight the topics, which will bring the most workload to the industry. The biggest challenges will be in the areas of Asset Management, Operations Security, Network Security and Encryption.

Dominik Schaefer
Principal (Bundesbankdirektor)
Deutsche Bundesbank
Dominik works in the banking and financial supervision at Deutsche Bundesbank since 2019. As a senior IT expert with a focus on ICT/cyber risks, he is involved in the development of audit...
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Cyber and Law – Do's and Don’ts in the Cyber Crisis from a Legal Perspective

Hacked and what legally to do now? What are the most important steps and measures that companies should take to avert or minimise liability and reputational damage? Fabian Bauer will give exciting insights into the legal consulting practice and explain the essential legal do's and don'ts after a cyber-attacks.

Fabian Bauer
SKW Schwarz
Fabian Bauer is a lawyer at SKW Schwarz in the IT & Digital Business department. He advises companies of all sizes on all IT and data protection law issues and assists them with all legal...
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Navigating the Complex Landscape: Challenges in Applying AI for Government Security

As governments around the world increasingly turn to artificial intelligence (AI) to enhance their security, a myriad of complex challenges emerge. This presentation delves into the multifaceted landscape of applying AI to secure government operations.

Mohamad Easawy
Head of IT Excellence, Independent Advisor
Dubai Customs
Mohamad is a visionary with more than 28 years of experience in the technology, leadership, strategy and digital transformation domains. He achieved diverse successes in key industry...
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