"The regulatory landscape in the EU is heavily congested with several overlapping standards and laws now in effect. There is a lot to navigate, and we're increasingly seeing businesses taking a more reactive approach to compliance requirements once the threat of reprisals becomes tangible."
"However, remaining non-compliant could have severe ramifications, with fines of up to 2% of global annual turnover and the potential of fines of over €1m for individual senior leadership."
"The challenges in implementation varied from organization to organization, but included a lack of prioritization, the short timeline involved, a lack of skills, and a lack of visibility over supply chain or third-party partners, each cited by around a quarter of respondents."
"In the longer term, though, two-thirds of CISOs and senior security decision makers believe that DORA will significantly increase cybersecurity costs."
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