Tag: digital operational resilience act
2 articles
European Banks Face AI-Driven Cyber Threats, Urged to Accelerate Defenses
European banks are being urged to rapidly bolster their cyber defenses as AI-driven threats escalate, with the ECB's vice-chair warning that inaction is not an option. Banks must adopt bank-specific, risk-based measures and redouble efforts to identify vulnerabilities using existing AI tools.
DORA Mandates Credential Security as Financial Risk Control
What happens when a threat actor waltzes into your network with a legitimate username and password - can your controls stop them? With DORA now in effect, EU financial institutions must prioritize credential security as a critical risk control, shifting from best practice to binding regulation.