Cyber security governance refers to the framework of policies, procedures, and organizational structures designed to manage and mitigate cybersecurity risks within an entity. It establishes accountability for information security, defines risk tolerances, and ensures compliance with relevant data protection regulations. Effective governance is essential for protecting digital assets and sensitive data from malicious attacks.
Context
In the context of crypto and digital assets, cyber security governance is critically important due to the immutable nature of blockchain transactions and the high value of digital holdings. News often covers incidents related to weak governance, such as exchange hacks or protocol exploits, and the subsequent efforts by institutions and regulators to implement stronger security protocols. Robust cyber security governance is a key factor in building trust and ensuring the long-term viability of digital asset systems.
DORA's application mandates a systemic overhaul of ICT risk governance and third-party vendor contracts, fundamentally recasting operational resilience as a non-negotiable compliance pillar.
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