A Compliance Officer’s Guide to DORA Regulation: Building Robust Digital Defences in the Financial Sector 

Complaince officer guide to DORA regulation

As a head of compliance in the financial sector, you’re acutely aware that rapid digitisation and evolving cyber threats call for unwavering vigilance. The Digital Operational Resilience Act (DORA), in operation since January 2023 and applicable from January 2025, serves as your guiding beacon amidst the sea of IT and cybersecurity risk management.  DORA and ICT Risk Management At the … Read More

Why is cyber security for financial services so important?

Importance of cyber security for financial services

With the vast amounts of money and sensitive data they possess, financial services companies are one of the most common targets for cybercriminals.   Worse, because of the highly lucrative opportunities for theft, fraud, and extortion, financial institutions attract the most competent, experienced, and motivated cybercriminals, including organised cybercriminal syndicates that employ the most sophisticated and diverse tools and techniques, making … Read More

Choosing a compliance framework for your business

Choose compliance frameworks

What is a compliance framework?  In the past decade, a host of data privacy regulations have been introduced to combat the growing risk of cyber threats in today’s increasingly interconnected digital world. Companies must comply with these regulations to secure customers’ personal data – or risk leaving themselves susceptible to data breaches, as well as the financial, legal, and reputational … Read More

Why is cybersecurity important in banking?

Cyber security in banking

Cyber security in banking is one of the most important elements in finance today. Banks are not only responsible for their customer’s assets but are also liable for the funds if they go missing. Therefore, protecting a user’s assets via robust cybersecurity measures has become the primary goal in banking in 2023.  However, customer accounts are not only susceptible to hacking. … Read More

How does the Digital Operational Resilience Act (DORA) affect you?  

About Digital Operational Resilience Act (DORA)

RiskXchange can help you stay on the right side of data privacy regulations anywhere in the world.  The ever-increasing risk of cyberattack has prompted the EU to adopt a legislation to improve the cybersecurity and operational resiliency of the financial services sector – the DORA act. The Digital Operational Resilience (DORA) Act was implemented to ensure that the European financial sector is able to remain … Read More

Top 5 cyber risks for insurance companies

RiskXchange Top 5 cyber risks for insurance companies RiskXchange The leader in Third-Party Cyber Risk Management

Today, the cybersecurity landscape finds insurance companies struggling to fend off aggressive and costly cyberattacks as cybercriminals breach traditional defences with sophisticated and unprecedented attack methods, which poses significant cyber risks for insurance companies. Before the pandemic, an average insurance company would face over 113 cyberattacks per year, with a handful of incidents proving successful in breaching their defences. Since … Read More