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Practice in peacetime
So what will secure compliance look like?
Prioritising and preparing is the most important thing for Fintech firms.
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Thefinancial services industry is being hit harder than ever beforeby ransomware attacks, so complacency will kill.
Incident response testing is no longer just best practice, but law thanks to DORA.
Given the increasing threat of ransomware and third-party compromise, the implementation of regulations is required and expensive.
said Tim Wright, partner and technology lawyer at Fladgate.
Other potential sanctions include sanctions include public reprimands, business activity restrictions and potential license suspensions.
