Proactive compliance: How the FIT4DORA team can protect you as a financial organisation from fines.
In a recent incident, BaFin imposed a fine of 50,000€ on Deutsche Bank AG because it had not only reported an IT security incident in its payment services to BaFin late, but also incompletely (Source).
This emphasises the importance of transparent communication and adequate response mechanisms in the event of security-relevant incidents, such as those currently being introduced by law in the financial sector with DORA.
KnowledgeRiver, VIVACIS and Luther support you with the FIT4DORA program to effectively master such challenges.
With a high level of technical and industry expertise in the areas of IT technology, processes and law, the FIT4DORA team offers an integrated solution that not only ensures compliance with regulatory requirements, but also eliminates the risk of fines and strengthens stakeholder confidence.
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