Nextgen Software brought together the National Bank of Romania, the Romanian National Cybersecurity Directorate and the financial Sector to discuss DORA — openly and with solutions.
On June 11th, in Bucharest, Nextgen Software hosted the event “DORA. No detours. With solutions. Among professionals”, a panel discussion format that brought together high-level representatives of the National Bank of Romania (NBR), the National Cybersecurity Directorate (DNSC), financial institutions and cybersecurity and compliance specialists.
Nextgen has assumed the role of dialogue facilitator between all stakeholders involved in DORA implementation, offering both technological solutions and a clear roadmap for compliance.
The event aims to become a mid-term benchmark for cohesion and joint action in Romania’s financial industry — at a time when the DORA regulation places significant pressure on internal processes, IT infrastructure, and incident response capabilities.
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Key contributors and insights:
The event featured a panel of relevant contributions from authority, industry, and technology leaders:
🔹 Alexandru Dobrev, Head of IT Regulation Service at NBR, emphasized the importance of rapid and complete incident reporting and clarified that the data collected by NBR remains confidential, but is used to create market-wide guidance and best practices.
🔹 Rozalia-Iuliana Parapuf, Advisor at DNSC, stressed the need for awareness at top management level in financial institutions — seeing DORA not as a bureaucratic burden, but as a real opportunity to strengthen cyber hygiene and safeguard clients’ assets.
🔹 Cristiana Deca, Managing Partner at Decalex Digital, highlighted the financial impact of a cyberattack on a financial institution: an average cost of $5 million and a potential market value drop of 5–20%, depending on severity and public response. She also stressed that each institution must define its desired level of protection based on a state-of-the-art model and its own risk appetite.
🔹 Vlad Gladin, CTO of Nextgen Software, presented the DORA module integrated in the Cyberquest SIEM platform – a solution tailored to support financial institutions in their compliance journey. The module includes:
- DORA Journey – readiness and compliance assessment;
- Standard reports (initial, interim, final), fully aligned with DORA requirements;
- Automation and correlation features to reduce response time and eliminate reporting errors.
🔹 Alin Ungureanu, Cybersecurity Expert at Nextgen Software, moderated the discussions and presented a business case for SIEM implementation in the DORA context — where each stakeholder, from the Board of Directors to the SOC team, CISO, compliance officers, and regulators, has clear objectives that can be achieved through proper and customized implementation.
Discussions relevant for the entire financial ecosystem:
Conclusion: Collaboration, Not Fragmentation
DORA implementation cannot be achieved in isolation. Cooperation between financial institutions, regulatory authorities, and cybersecurity solution providers is essential. Only through a joint, transparent, and coordinated effort can DORA requirements become a competitive advantage for the financial system as a whole.
📌 Nextgen Software remains committed to innovation and support for the financial industry through solutions such as Cyberquest SIEM, CQ Automation, CQ Threat Intelligence, and Netalert NDR — essential components in the modern digital architecture of any institution aiming for compliance and resilience.