Organizations in the financial sector operate in rapidly changing and evolving digital environments and, as a result, face numerous cybersecurity challenges. These challenges include third-party risks and ransomware attacks. Bilishim Cyber Security has been conducting cybersecurity tests for the financial sector for years and is a trusted cybersecurity company for financial institutions. The financial sector is one of the primary targets for cybercriminals and is among the most attacked industries by cybercrime groups. Cybercriminals are often motivated by financial gain and use various methods for their attacks, such as ransomware, phishing, malware, digital fraud, vulnerability exploitation, third-party issues, and DDoS attacks. The European Union has established various standards and requirements under the Digital Operational Resilience Act (DORA) to ensure overall system security, enhance digital security and operational resilience, and reduce systemic risks in financial institutions against the aforementioned cyber threats. The main objectives of DORA are:
Enhancing Digital Resilience: Increasing the resilience of financial institutions against disruptions, attacks, and other operational setbacks in their digital systems.
Managing Cybersecurity Risks: Defining requirements and procedures to effectively manage cybersecurity risks, thereby ensuring the security of financial systems.
Strengthening Incident Response and Recovery Plans: Helping financial institutions respond quickly and effectively to cyberattacks and other digital threats, and determine how to recover in such situations.
Ensuring Compliance and Audit: Ensuring that financial institutions comply with the standards set by DORA and demonstrate adherence during regulatory audits.
At this point, Bilishim Cyber Security provides DORA-compliant cybersecurity services to financial institutions in Turkey.