Lendtech.pl ·

Third-degree alert. KNF warns financial institutions about cyberattacks [EXPERT COMMENTARY]

On 2022-02-23 Lendtech.pl covered: cybersecurity, KNF, DORA.

Third-degree alert. KNF warns financial institutions about cyberattacks [EXPERT COMMENTARY]

O czym mówiliśmy

On 2022-02-23 Lendtech.pl examined cybersecurity, the Polish Financial Supervision Authority (KNF) and DORA. The case mattered to businesses because such regulations shape not only the wording of legal documents, but also the design of sales, payments, security and customer-communication processes. The discussion focused on the practical consequences of implementation and the risks arising from an overly narrow or overly formal reading of the rules. The outlet asked Tomasz Klecor for comment on the topic of the publication.

Co podkreślaliśmy

  • DDoS attacks on key payment providers can translate into losses across the entire e-commerce sector.

    Payment services are the infrastructure of everyday transactions, even though users often do not notice them.

  • The financial market no longer rests on banks alone.

    Payment institutions and fintechs are an important link in the service chain, so operational-resilience requirements must apply to them as well.

  • DORA reinforces the approach to cyber resilience in the financial sector.

    ICT risk management, business continuity and oversight of technology providers are becoming a compliance matter, not merely a technical task.

Najczęstsze pytania

What is DORA?
DORA is the EU regulation on digital operational resilience for the financial sector. It covers ICT risk management, incident reporting, resilience testing, oversight of technology providers and business continuity. The rules are particularly relevant for banks, payment institutions and fintechs.