Fireblocks Launches Cyber Security Offering for Compliance with DORA
Fireblocks has launched a cyber security offering designed to help firms comply with the EU's Digital Operational Resilience Act (DORA), effective January 2025. This initiative addresses the heightened risk of cyber attacks faced by crypto companies, highlighted by a recent large-scale hack of the exchange Bybit.
- DORA imposes similar resilience requirements on small crypto firms as on large banks.
- The compliance package includes a legal addendum, periodic reports, and an annual pooled security audit.
- Focus is on enhancing resilience against cyber attacks, outages, and technical failures.