€15 million
or 2% of annual turnover - maximum penalties under DORA
$5.85 million
is the average cost of data breach in the financial sector
60% of financial institutions
Experienced cyber attacks in 2021 (ECB Banking Supervision Report, 2022)
Securing Financial Data Under DORA
The Digital Operational Resilience Act (DORA - EU Regulation 2022/2554) introduces stringent requirements for financial institutions regarding their ICT security. A key focus is on encryption and secure key management, particularly in cloud environments where traditional approaches may fall short (Article 9 - 13).
Financial institutions must now implement robust encryption solutions with secure cryptographic key management that ensure both data protection and operational resilience.
DORA-compliant Encryption Solution
DuoKey provides enterprise-grade encryption and distributed key management solutions based on secure Multi-Party Computation (MPC) technology.
These solutions meet DORA's encryption requirements across major cloud platforms, including Microsoft, AWS, Vault, Google Cloud, Salesforce and more.
Strengthen Your Digital Resilience
DuoKey's DORA-compliant encryption empowers financial institutions to protect sensitive data, minimise compliance risks, and strengthen operational resilience.
Accelerate security audits, reduce key management complexity, and ensure business continuity—all while eliminating single points of failure with DuoKey distributed key control.
DORA Compliance
Meet all encryption and key management requirements of DORA
Regulatory Compliance
Drive compliance across multiple regulations including DORA, NIS2, and FINMA
Future-Proof Security
Ensure long-term compliance and quantum resiliency
Frequently Asked Questions (FAQs)
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