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By Maurice SCHUBERT, Cyber Partner Yasser ABOUKIR, Cyber Director, Deloitte Luxembourg
The European Union’s Digital Operational Resilience Act (DORA) is reshaping the cybersecurity landscape for financial institutions across the region. A regulation aimed at bolstering the digital operational resilience of all financial entities in the EU by harmonizing cybersecurity requirements, DORA applies not only to banks but also to insurers, investment funds, payment institutions, and other financial service providers.
Given Luxembourg’s prominent position as a global financial hub—home to approximately 126 banks and over 3.600 investment funds— DORA carries added significance, reinforcing the need for robust cybersecurity measures...
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