Crypto Custody Specialist Fireblocks announced the provision of cybersecurity to help comply with the European Digital Operations Resilience Act (DORA), which came into effect in the European Union in January 2025.
Cybersecurity is a running battle, especially for crypto companies that are more susceptible to attacks and financial losses than traditional financial companies. This has been proven by the recent malicious hack of large, malicious crypto exchange bibit.
“One of the challenges of relatively small crypto and fintech companies is that Dora doesn’t distinguish between these types of companies and large banks and financial institutions,” says Alex Jilitsky, CyberGRC Director at FireBlocks. “Essentially, they say they need more resilience not only for cyberattacks, but also for stopping, confusion and technical failures.”
According to a press release, key features of FireBlocks’ Cyber and Operations Resilience (COR) compliance package include dedicated legal addendums, regular reports, and annual pooled security audits.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
