Security is the cornerstone of successful digital transformation, especially in banking where trust lies at the heart of the relationship with customers. European banks drive their digital innovation in cooperation with multiple ICT service providers, composing an all-growing supply chain of third parties. Bank and non-bank actors in the chain, regulatory and supervisory authorities are striving for a high level of resilience and cybersecurity across the ecosystem.
As the EU legislator proposes a harmonized approach to operational resilience under the Digital Operational Resilience Act (DORA), regulators and industry will discuss this advancing initiative and its effect on digital innovation. Taking place within the European Cybersecurity Month, this Digital Thursday showcases also the importance of cyber threat information sharing and other private sector initiatives, including raising awareness on cyber risks.