Cyber related crime is on the rise, both in quantity and sophistication. Most systems today are connected making them vulnerable. Further, personal and business data is viewed as the “new gold” and may be very valuable.

The challenging landscape of cybersecurity threats is continuously evolving, and every organisation should adopt a suitable strategy for protection, detection and response to cyberattacks.

Any such strategy must address several questions: How ready is my organization to face a cyber attack or data breach? Do we have a crisis team/incident response plan in place? Do we know what regulations are in place that are related to cyber/data breaches and the necessary reporting requirements? And the list goes on.

To answer these questions, Arendt has developed a One-Stop-Shop offering that provides comprehensive support from a legal, regulatory and operational perspective, delivered by a multidisciplinary team.

How can we help?

• The danger is out there, and it is forecast to become worse – let’s not wait for something to happen. Adopting a proactive approach is always better. Arendt is committed to support you as an advisor and facilitator, no matter where you may be in your cybersecurity & information protection journey.
  
  
• Crisis Management - We have a dedicated Cybersecurity & Information Protection team that is there to help you when an incident happens.
  
  
• Response readiness - We are also here to help you before a cyber attack or data breach occur, through a variety of services:
  
  • we offer a quick health check / stress test of your existing practices
  • our team can assess your risks across your organisation and build a cybersecurity & information protection roadmap to help you respond most effectively during times of crisis
  • we can support you with a continued review of your readiness and provide your board of directors and management with (regulatory) awareness and response training
  • we can implement a hotline providing peace of mind in case you sense an issue, have questions or need immediate help. 

Learn more about our Cybersecurity & Information Team expertise and how they can help you here_

Regulation Updates

DORA (Digital Operational Resilience Act)

Regulations regarding cybersecurity & information protection are on the rise across the globe. The EU continues to be the leading pioneer of cyber and information protection rules including the recently passed DORA (Digital Operational Resilience Act). This EU regulatory framework has been in force as from 16 January 2023 and creates a unified regulatory framework for digital operational resilience which requires EU financial entities to ensure they can withstand, respond to and recover from any ICT-related threats.

The main DORA-requirements for in scope entities deal with a wide range of digital operational resilience topics, divided into 5 pillars:

• ICT risk management
• ICT-related incident management, classification and reporting
• Digital operational resilience testing
• Managing of ICT third-party risk
• Information-sharing arrangements

Interested in knowing more about DORA?

Digital Operational Resilience Act (DORA) – client webinar

How DORA will impact the Financial Services industry

An informative client webinar that addressed:

• Common struggles posing challenges to digital operational resilience
• DORA regulatory framework: context and scope
• DORA requirements: timelines, organizational & technical requirements, regime on reporting, penalties and remedial measures
• Key questions you should be asking yourself to determine your position and next steps.

Watch the recording here_

Do you have questions? Contact us through cybersecurity@arendt.com_