dora ordinance
e-mail security for the financial sector
Meet the requirements with eXpurgate
Secure e-mail communication is of crucial importance for companies. This applies all the more to the financial sector, where confidential information and sensitive data is exchanged on a daily basis. A cyber attack can have devastating consequences: In particular, customers’ personal information, financial data and transaction details are at stake.
The protection of personal data and the defense against advanced threats that enter the company via email traffic is a central aspect of DORA compliance for financial service providers. Email security solutions play a critical role in helping financial institutions meet the requirements of DORA and ensure the security of their data. By implementing eXpurgate, financial service providers can make their e-mail communication more secure and at the same time ensure compliance with data protection laws.
DORA regulation comes into force in 2025
In January 2025, the EU-wide DORA Regulation will come into force, which is intended to ensure uniform standards and guidelines for cybersecurity in the EU financial sector.
What will change for German companies and service providers in the financial sector?
How can eXpurgate support you in implementing DORA?
You can find more information on DORA and the role that email security will play in this in our blog post:
Why is email security particularly important in the financial sector?
The financial sector is a prime target for cybercriminals who aim to steal confidential information and financial data. A single security incident can have serious consequences, including financial losses, reputational risks and legal ramifications. A robust email security solution is therefore essential to protect your organization and your customers from these threats.
What is DORA?
DORA (short for: Digital Operational Resilience Act) is EU legislation aimed at strengthening the digital resilience of the financial sector in the European Union. It comes into force on January 17, 2025.
As an EU-wide regulation, DORA also has a significant impact on the German financial sector. Overall, German financial service providers are required to strengthen their cyber security measures and ensure that they meet the growing challenges in the area of cyber security.
DORA offers many opportunities: by strengthening digital resilience, the financial sector will be better able to defend itself against cyber threats and protect the financial system. At the same time, customers will benefit from an increase in the level of security in the financial sector against the growing threat of cyberattacks, meaning that their confidential data will be better protected.
On the official website of the Federal Financial Supervisory Authority you will find further information on all important questions regarding the Digital Operational Resilience Act, e.g:
- Which companies does DORA apply to?
- What are ICT services within the meaning of DORA?
- Will ICT third-party service providers be subject to financial services supervision in future?
- Will financial companies soon be obliged to share cyber threat information with market participants?
What will change for German companies and service providers in the financial sector?
The DORA regulation is changing the cybersecurity requirements for German companies in the financial sector. Here you can see an overview:
Increased cyber security requirements
The DORA regulation introduces stricter cyber security requirements that must be implemented by German financial service providers. This includes the need to implement robust security measures to protect IT systems, networks and sensitive data in order to prevent cyberattacks and increase resilience to potential threats.
Obligation to report security incidents
Financial service providers in Germany must immediately report security incidents, including cyberattacks and data breaches, to the competent authorities in accordance with the requirements of the DORA Regulation. This helps to shorten response times to security incidents and improve coordination between the various players.
Strengthening the supervisory authorities
The DORA Regulation strengthens the role of the national supervisory authorities, including the German financial supervisory authority BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht). These authorities monitor financial service providers’ compliance with cybersecurity requirements and may conduct enhanced reviews and audits to ensure that the necessary measures have been implemented to secure the digital infrastructure.
Investments in technology and skilled workers
In order to meet the requirements of the DORA regulation, German financial service providers may have to make considerable investments in technology and specialists. This can include implementing modern security solutions, training employees and hiring professionals with expertise in cybersecurity.
DORA compliance made easier: how eXpurgate supports you in email security
eXpurgate is the professional e-mail security solution specializing in the German financial sector. By analyzing over 1 billion emails daily, which serve as a comprehensive data basis for AI-supported detection, eXpurgate offers maximum protection against spam and advanced threats such as phishing, malware and other critical dangers on the Internet.
Everything is 100% “Made in Germany” – this applies to our detection teams as well as to our data centers, all of which are located in Germany. We thus offer our customers the highest standards in terms of data protection and security.
The most important advantages of eXpurgate
Reliable threat detection
Protection against advanced threats
Compliance with data protection regulations
Compliance with guidelines
Reliable threat detection
eXpurgate uses advanced algorithms and AI-powered technologies to identify and block suspicious emails before they reach your corporate network. This allows you to react in good time to the threat of cyberattacks and data leaks.
Protection against advanced threats
By detecting and defending against malware and phishing emails, eXpurgate helps you to protect your customers from fraud and identity theft. Phishing is an enormous danger on the Internet because it aims to steal personal and confidential information. This type of cyberattack is all the more dangerous in the financial sector in particular.
Compliance with data protection regulations
eXpurgate can identify and filter sensitive information in emails to ensure compliance with data protection regulations and guarantee the confidentiality of data. The topic of data protection in particular is fundamental to the DORA Regulation for 2025.
Compliance with guidelines
eXpurgate enables financial services organizations to define and enforce custom email security policies to ensure compliance with DORA and other relevant regulatory requirements.
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