Stay Ahead of DORA Compliance with Klave
Seamlessly meet the 2025 regulatory requirements with cutting edge Confidential Computing technology.
What is DORA and Why Does it Matter?
The Digital Operational Resilience Act (DORA) is a forward-looking EU regulation designed to bolster the IT security of financial institutions. Targeting organisations that provide financial or critical ICT services to the EU’s financial sector, DORA has broad implications for businesses across both the EU and UK. Enforced on 16th January 2023, the regulation's requirements apply starting 17th January 2025.
DORA's primary objective is to ensure the financial sector's resilience against severe operational disruptions by introducing standards for managing digital risks. The regulation applies to 20 different types of financial entities, including banks, insurers, investment firms, and their ICT service providers, setting a unified approach to operational resilience across the EU.
The reliance on technology for delivering financial services has grown exponentially, making financial institutions more vulnerable to cyber threats and IT failures. Unmanaged ICT risks can lead to significant disruptions, impacting cross-border operations, and triggering ripple effects across industries and economies. DORA addresses these challenges by ensuring the financial sector is prepared to withstand and recover from digital threats effectively.
Through our pioneering work in Confidential Computing, we have remained at the forefront of secure technology solutions. The rising need for advanced data protection, coupled with rapid advancements in AI and evolving regulatory requirements, makes our technology indispensable. The introduction of DORA further highlights the necessity of adopting innovative solutions to meet the demands of a digital financial ecosystem.
Klave Helps You Comply with Article 9 of DORA
What is Article 9.2 of DORA?
"Financial entities shall design, procure and implement ICT security policies, procedures, protocols and tools that aim to ensure the resilience, continuity and availability of ICT systems, in particular for those supporting critical or important functions, and to maintain high standards of availability, authenticity, integrity and confidentiality of data, whether at rest, in use or in transit."
Among these requirements, protecting data "in use" is critical
Why “In Use” Matters and How Klave Excels
Securing data while it is actively being processed has long posed a technological hurdle. Klave addresses this challenge head-on through Confidential Computing, a cutting-edge solution that leverages hardware-based trusted execution environments, protecting data and computations, delivering groundbreaking methods to protect data in use. This advanced solution guarantees top-tier privacy, integrity and accountability essential for financial sector operations.
Aligning Klave’s Technology with DORA’s Requirements
Klave seamlessly bridges the critical gap between cutting-edge innovation and strict compliance, directly addressing the requirements outlined in Article 9 of the Act.
While traditional encryption methods effectively secure data in transit or at rest, they fall short when it comes to data in use. For this Confidential Computing, utilising hardware security that encrypts the memory, provides the most suitable solution. Alternative methods, like homomorphic encryption, offer similar security but often sacrifice simplicity, efficiency, and energy.
Klave is highly accessible, and we have dedicated years to refining our solutions, making Confidential Computing accessible and practical for any developer to adopt. With our streamlined implementation process, adopting this transformative technology is easier than ever.
Let Klave be your trusted partner in achieving compliance with DORA’s rigorous standards.
Ready to Meet DORA’s Requirements?
Let Klave guide you through the transformative changes with ease.
Contact us to discover how Klave can help mitigate risks and enhance the resilience of your operations. We're here to ensure your organisation not only meets DORA’s stringent requirements but thrives in a secure and stable environment.
Learn more at: klave.com