€15 million
or 2% of annual turnover - maximum penalties under DORA
$5.85 million
is the average cost of data breach in the financial sector
60% of financial institutions
Experienced cyber attacks in 2021 (ECB Banking Supervision Report, 2022)
Securing Financial Data Under DORA
The Digital Operational Resilience Act (DORA - EU Regulation 2022/2554) and its delegated act introduce stringent requirements for financial institutions regarding their ICT security. A key focus is on encryption and secure key management, particularly in cloud environments where traditional approaches may fall short (Article 9 - 13).
Financial institutions must now implement robust encryption solutions with secure cryptographic key management that ensure both data protection and operational resilience.
Financial Data Encryption for DORA
DuoKey provides advanced encryption solutions with a zero-trust and a cloud independent approach for financial data encryption on major cloud providers, including:
Microsoft 365 & Azure Cloud, AWS, Vault, Google Cloud, Salesforce and more...
Strengthen Your Operational Resilience
DuoKey helps financial and banking organisations secure their financial data for DORA compliance with advanced data encryption solutions.
Advanced financial data encryption enables financial institutions to confidently leverage cloud capabilities, while minimising compliance risks and strengthening operational resilience.
Key Benefits
Why financial institutions choose DuoKey for DORA compliance
DORA Compliance
Meet all encryption and key management requirements of DORA
Regulatory Compliance
Drive compliance across multiple regulations including DORA, NIS2, and FINMA
Future-Proof Security
Ensure long-term compliance and quantum resiliency