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Understanding DORA: A New Era of Digital Operational Resilience | AoroNyx

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The Digital Operational Resilience Act (DORA) is a landmark regulation introduced by the European Union to strengthen the digital resilience of financial entities. Its primary goal is to ensure that the financial sector can withstand, respond to, and recover from all types of ICT (Information and Communication Technology)-related disruptions and threats. DORA applies to a wide range of entities, including banks, investment firms, insurance companies, and ICT service providers. For example, banks must ensure their online banking platforms are resilient to cyberattacks, while ICT providers need to maintain robust service continuity measures. It emphasises the need for robust operational frameworks to address cybersecurity risks and to enhance the sector's resilience against digital disruptions. By harmonising digital operational resilience requirements across the EU, DORA seeks to reduce fragmentation and establish a standardised approach. This not only simplifies compliance for mult...
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Navigating GDPR: Ensuring Data Privacy in a Digital World | AoroNyx

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The General Data Protection Regulation (GDPR) represents a transformative step in the evolution of data protection laws. Introduced by the European Union, GDPR seeks to provide individuals with greater control over their personal data and ensure its protection in the rapidly changing digital landscape. GDPR sets out strict obligations for organisations processing personal data. These include maintaining records of data activities and ensuring secure storage and transfer of information. Non-compliance can lead to significant penalties, such as fines of up to €20 million or 4% of annual global turnover, whichever is higher, making it essential for organisations to integrate GDPR principles into their operations. A key focus of GDPR is empowering individuals with rights such as accessing, correcting, or deleting their data. Organisations must establish processes to facilitate these rights while maintaining compliance with the regulation's stringent standards. GDPR emphasises the impor...
Location: Cyprus
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