1、Building resilience across bordersA holistic approach to global operational resilience and navigating the regulatory mazeENTERPRISEresearchProduced in collaboration with2 BroadridgeForeword The need to prepare 3Executive summary 6The global regulatory picture 7DORA:What you need to know 13Creating y

2、our action plan for resilience 16Broadridges approach 18TABLE OF CONTENTS3Building resilience across bordersFOREWORD THE NEED TO PREPARE This report highlights the urgent global need for firms to attain higher standards of operational resilience,and the related regulatory maze that must be navigated

3、 across regions.It draws particular attention to the Digital Operational Resilience Act(DORA)in Europe which presents impacted firms with an onerous challenge and a fast-approaching compliance deadline of January 17,2025.OPERATIONAL RESILIENCE IS A PRIORITY.ARE YOU AT RISK?Operational resilience is

4、now firmly established as a critical priority for financial firms in all regions,driven by a fundamental requirement to strengthen trust and security in response to the growing risk of cyber attacks and disruptions and underpinned by mandatory regulation.Growing exposure to cyber attacksDigital inno

5、vation and next-gen technologies like GenAI and blockchain are multiplying the scale of attacks and accelerating fraud causing a dramatic increase in risk.Cybercriminals are 300 times as likely to target financial services firms than any other industry,according to Boston Consultancy Group.1 In the

6、next two years,financial firms will boost their investments in cybersecurity by 28%.2 Cyber resiliency is especially challenging for companies in the earlier stages of digital transformation.Nearly half(48%)of Beginners and 29%of Leaders in digital transformation who are deploying next-generation te