Financial services organizations are failing to meet the compliance deadline for the EU's Digital Operational Resilience Act (DORA), despite awareness of the deadline. Research indicates significant non-compliance, particularly in banking and lending sectors. Cybersecurity strategies are hindered by constantly changing vulnerabilities, with new threats emerging regularly. Many companies lack clarity on what is needed for DORA compliance, often overlooking essential areas like the Java environment, which constitutes a significant part of their software infrastructure. Proactive measures and vigilance are critical for navigating these challenges.
Even back in January, research from Orange Cyberdefense saw 43% of respondents in the industry admit they would not be compliant by the deadline.
The reality is that cyber security strategies are always dealing with moving targets. Today, your organisation could feel secure and in compliance with DORA, but tomorrow the vulnerability landscape could change.
One area commonly overlooked or discounted is the Java environment. Given Java comprises 51% of the software code in the financial sector, companies should make sure to give their Java applications the appropriate attention.
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