{"id":529334,"date":"2024-10-10T09:00:00","date_gmt":"2024-10-10T13:00:00","guid":{"rendered":"https:\/\/www.commvault.com\/?p=529334"},"modified":"2024-10-09T17:27:40","modified_gmt":"2024-10-09T21:27:40","slug":"commvault-pure-storage-partner-to-help-financial-firms-navigate-dora","status":"publish","type":"post","link":"https:\/\/www.commvault.com\/blogs\/commvault-pure-storage-partner-to-help-financial-firms-navigate-dora","title":{"rendered":"Commvault, Pure Storage Partner to Help Financial Firms Navigate DORA"},"content":{"rendered":"\n

Financial institutions today face unprecedented challenges in maintaining operational resilience and data security. These organizations are all reliant on technology, and they\u2019re responsible for handling and storing large amounts of sensitive data, making them prime targets for ransomware and other cyberattacks.<\/p>\n\n\n\n

Attacks like these not only put the sensitive data and financial interests of customers at risk, but also the operations and services they provide that are heavily relied upon by other sectors. Because of this breadth of impact, the European Union has enacted strict new rules in the form of the Digital Operational Resilience Act (DORA), a critical regulatory framework designed to set up the financial sector to withstand all types of ICT-related disruptions and threats.<\/p>\n\n\n\n

DORA is designed to enforce the highest standards of resilience and readiness, requiring banks, insurance companies, investment firms, and other financial entities to implement advanced strategies for risk management, incident reporting, information sharing, and continuous operational resilience testing.<\/p>\n\n\n\n

<\/a>Pure Storage and Commvault have come together to build a joint solution that helps these organizations enhance their cyber resilience practices and address two key pillars of DORA: risk management and digital operational resilience testing. The solution is built by integrating the leading cyber resilience capabilities of Commvault Cloud <\/a>with the highly secure, high-performance Pure Storage platform.<\/p>\n\n\n\n

At the core of the solution is a modular design with four distinct components. As we understand that organizations inevitably will be at varying stages of maturity in their operational resilience practices, this is not a one-size-fits-all offering. Pure<\/a> and Commvault have intentionally designed the solution so these different components can be added and scaled independently as organizations and their resilience practices mature and compliance requirements change.<\/p>\n\n\n\n

The components of the solution include:<\/p>\n\n\n\n