Operations | Monitoring | ITSM | DevOps | Cloud

NIS2 (Network and Information Security Directive 2) is the European Union’s updated cybersecurity directive, replacing the original NIS Directive (2016), often referenced to as NIS1. NIS2 was adopted in December 2022 and the deadline for implementation by EU member states was October 17, 2024. NIS2 strengthens cybersecurity requirements across essential and important sectors to enhance cyber resilience and response capabilities.

For Managed Service Providers (MSPs) in the EU, who serve financial organizations, DORA regulatory compliance is a hot topic. The DORA (Digital Operational Resilience Act) is a new regulation that came into force on Jan 17th, 2025, aimed at ensuring the operational resilience of financial entities in the EU, focusing on technology risk management and minimizing disruptions in critical services.

The Digital Operational Resilience Act (DORA) has already begun to reshape the financial landscape in the European Union and beyond. As of January 2025, EU financial entities and Information and Communication Technology (ICT) third-party providers must demonstrate robust operational resilience against ICT disruptions.

Across regions, the regulatory landscape is shifting dramatically: These regulations signal a new era where energy waste is no longer just an economic concern but a compliance risk. Failure to adhere can result in hefty penalties, restricted operations, and reputational damage.

The Digital Operational Resilience Act (DORA) is a European Union (EU) regulation that requires financial institutions to improve their digital operational resilience. DORA creates a uniform regulatory framework across the EU to strengthen the European financial market against cyber risks and IT incidents.

The Digital Operational Resilience Act (DORA) is a European Union legislation designed to enhance the digital operational resilience of financial institutions and their critical third-party ICT (Information and Communication Technology) service providers. DORA has two primary objectives.

The financial services industry has been a threat actor target since before digital transformation was even a term. Further, the financial services organizations find themselves continuously under scrutiny. As members of a highly regulated industry, these companies need to comply with various laws to ensure that they effectively protect sensitive data.

In January 2025, The Network & Information Security Directive (NIS2) goes into effect. This Directive requires organizations across the EU and those that serve EU customers to strengthen their cybersecurity posture.

The NIS2 Directive is the European Union’s enhanced framework for cybersecurity, targeting essential and important entities. It fosters a proactive approach to managing risks, safeguarding critical infrastructure, and ensuring organizational resilience against cyber threats. The NIS2 Directive introduces new requirements and obligations in four overarching areas.