Finance: Mastering Dual Regulation
Banks, insurers, and financial service providers are subject to both NIS2 and DORA. Leverage synergies and achieve both compliance goals efficiently.
Critical Assets in the Financial Sector
These systems are in focus under NIS2 and DORA
Core Banking Systems
Account management, payment processing, credit processes. The heart of your IT infrastructure.
Payment Processing
SEPA, SWIFT, Instant Payments. Critical availability around the clock.
Online Banking
Web and mobile banking. Highest authentication requirements.
Trading Systems
Securities settlement. Integrity and traceability.
NIS2 vs. DORA: The Differences
Understand the requirements of both frameworks
| Aspect | NIS2 | DORA |
|---|---|---|
| Scope | All critical sectors | Financial sector only |
| Incident Reporting | 24h early warning | 4h for major incidents |
| Penetration Testing | Regularly recommended | TLPT every 3 years mandatory |
| ICT Third Parties | Supply chain risk | Register + monitoring |
| Supervision | National NIS2 authority | National financial supervisor + ESAs |
Typical Risks in the Financial Sector
These threats are addressed by both frameworks
Phishing & BEC
Business Email Compromise targets financial transactions. Awareness is critical.
API Vulnerabilities
Open Banking and PSD2 APIs significantly expand the attack surface.
Insider Threats
Privileged access to financial data requires strict controls.
Third-Party Risks
Securing cloud providers and FinTech partners in the supply chain.
Key Measures for Financial Companies
Art. 21 NIS2 combined with DORA requirements
Risk Analysis & ICT Risk Management
Establish comprehensive risk management framework per Art. 21 NIS2 and Art. 6 DORA.
Incident Management (4h/24h)
Dual reporting for financial supervisory authority (DORA: 4h) and NIS2 authority (24h).
Effectiveness Testing & TLPT
Threat-Led Penetration Testing every 3 years + regular audits.
Cryptography & Data Protection
Encryption of all financial data in transit and at rest.
Access Control & MFA
Privileged Access Management for all critical systems.
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