Nextgen Software strengthens DORA awareness at Banking Forum 2024
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As a committed Partner in enhancing the resilience of Romania’s financial sector, Nextgen Software was honored to contribute to the Banking Forum 2024, organized by Financial Intelligence at Marriott. The event brought together key players in the financial and banking sectors to address pressing regulatory and security challenges, especially DORA regulation.
Our Cyber Security Expert, Alin Ungureanu, participated as a panelist in a dynamic debate alongside top representatives from the banking industry and the National Bank of Romania (BNR). His insightful intervention underscored the urgency of implementing DORA (Digital Operational Resilience Act) regulations, not merely as a compliance requirement, but as a strategic imperative for strengthening cybersecurity and operational resilience across the financial ecosystem.
Alin emphasized that DORA is designed to elevate security standards within the financial sector, ensuring greater protection for both consumers and corporate assets. The implementation of robust cybersecurity solutions, alongside systematic reporting of incidents and cyber threats to the relevant authorities, is paramount for safeguarding financial stability.
Financial institutions must move beyond regulatory box-ticking and embrace reliable cybersecurity solutions that fortify their digital resilience. As the 2025 enforcement deadline approaches, the focus should be on establishing clear remediation plans, deploying effective security measures, and ensuring long-term compliance with DORA’s stringent requirements.
In this context, Nextgen Software’s solutions - Cyberquest and Netalert - are becoming indispensable tools for financial entities striving to achieve DORA compliance. These advanced cybersecurity products enable organizations to enhance their digital defenses and seamlessly integrate regulatory mandates into their operational framework.
By driving awareness and providing cutting-edge cybersecurity solutions, Nextgen Software reaffirms its role as a key partner in fortifying Romania’s financial sector against emerging cyber threats.