20Apr Chapter Meeting Protecting your identity: is MFA enough? DORA Insights & Preparation
VENUE: Georgian Suite Buswells Hotel
ADDRESS: 23-27 Molesworth Street, Dublin D02 CT80
START TIME: 16:30
TOPIC #1: Protecting your identity: is MFA enough?
TOPIC #2: DORA Insights & Preparations
16:30: Welcome Address
16:35: Protecting your identity: is MFA enough? (Linda Odin, Recorded Future)
17:00: ~ Short coffee Break ~
17:15: Digital Insights & Preparation (Jason Guy, EY)
17:40: Group Q&A Session
18:00: Close & Networking
Among other things, cybercriminals can use stolen sessions to authenticate to web applications and services, allowing them to bypass multi-factor authentication (MFA) checkpoints. With the increasing adoption of MFA across enterprises, the technique has recently been on the upswing with attackers, with the Cybersecurity and Infrastructure Security Agency (CISA)
The Digital Operational Resilience Act (Regulation (EU) 2022/2554) solves an important problem in the EU financial regulation. Before DORA, financial institutions managed the main categories of operational risk mainly with the allocation of capital, but they did not manage all components of operational resilience. After DORA, they must also follow rules for the protection, detection, containment, recovery and repair capabilities against ICT-related incidents. DORA explicitly refers to ICT risk and sets rules on ICT risk-management, incident reporting, operational resilience testing and ICT third-party risk monitoring. This Regulation acknowledges that ICT incidents and a lack of operational resilience have the possibility to jeopardise the soundness of the entire financial system, even if there is "adequate" capital for the traditional risk categories.
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