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      The increasing use of cloud-based business solutions and the networking of data, objects and systems through complex IT infrastructures and business processes are opening up enormous opportunities for the financial sector. Information assets are increasingly becoming the basis for value creation and are a key component in achieving corporate goals.

      At the same time, however, this technical change also harbours risks and offers cyber criminals new targets. As the potential for the financial sector grows, so do the opportunities for hackers: they are professionalising their tactics by developing tools and an increasing number of potential attack vectors. This is why targeted phishing attacks lead to higher success rates for attackers and greater losses for victims.

      Additional pressure to act due to new regulations

      Stricter laws, new regulations and stricter control of IT by supervisory authorities are also putting additional pressure on financial players to act. New regulations such as the Digital Operational Resilience Act (DORA) bring further requirements, but also aim to standardise different requirements at EU and national level and between sectors.

      We take a holistic view of IT compliance and cyber security. Our teams support you throughout your digital transformation to make it secure and compliant.

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      Comprehensive KPMG collaborative study on security strategies, maturity levels and AI usage in practice.

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      Protect your own information assets with an entrepreneurially sensible use of resources

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      Further publications for download

      Download

      2024 ECB Cyber Stress Test

      The Stress Test is used to assess the digital operational resilience of core banking systems to withstand a severe but plausible cyberattack.

      Download

      Digital Operational Resilience Act (DORA)

      Ensuring digital resilience through increased responsiveness

      Download

      New reporting requirements in third-party risk management

      Key learnings and takeaways regarding the information register


      Identity security: Greater security in the cloud

      KPMG expert Christian Nern in conversation with Michael Kleist (Area Vice President Sales, DACH region, CyberArk) 

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