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UK financial services firms are scrambling to comply with DORA regulations
More than four-in-ten UK financial services firms look set to miss the deadline for compliance with the new Digital Operational Resilience Act (DORA) tomorrow. Companies failing to comply with the regulations could face fines of up to 2% of worldwide daily turnover for as long as six months. However, while nearly nine-in-ten UK CISOs and senior security decision makers believe…
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UK organizations scrambling to divert funds for NIS2 compliance spending
Virtually all UK organizations have been forced to divert funds from elsewhere to deal with the costs of NIS2 compliance. The EU cybersecurity bill NIS2 came into effect earlier this year, with the deadline for compliance having recently passed. Under the legislation, EU-based businesses operating in critical sectors such as energy, transport, water, financial services, and healthcare, are required to…
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