IT Compliance & Cyber Security for the Financial Industry

The increasing use of cloud-based business solutions and the networking of data, objects and systems through complex IT infrastructures and business processes are opening up enormous opportunities for the financial sector. Information assets are increasingly becoming the basis for value creation and are a key component in achieving corporate goals.

At the same time, however, this technical change also harbors risks and offers cyber criminals new targets. As the potential for the financial sector grows, so do the opportunities for hackers: they are professionalizing their tactics by developing tools and an increasing number of potential attack vectors. This is why targeted attacks with phishing lead to higher success rates for attackers and greater losses for victims.

Financial players are also under additional pressure to act as a result of stricter laws, new regulations and stricter control of IT by supervisory authorities. New regulations such as the Digital Operational Resilience Act (DORA) bring further requirements, but also aim to standardize different requirements at EU and national level as well as between sectors.

We take s a holistic view of IT compliance and cyber security. Our expert teams support you along your digital transformations to make them secure and compliant

Digital Operational Resilience Act

Zahlungsdiensteaufsichtliche Anforderungen an die IT (ZAIT)

Christian Nern (Partner, Financial Services) in conversation with Michael Kleist (Area Vice President Sales, DACH Region, CyberArk)

What is the importance of cloud adoption for financial institutions? Watch our video on "What financial services companies should know about cloud security" here and learn more.