
Banking & Finance
Financial institutions operate under DORA, NIS2 and GDPR simultaneously. Cyber fraud is the #1 CEO risk. MVPeople places specialists who know all three regimes.
of executives have been personally affected by cyber fraud; CEOs now rank it their #1 priority above ransomware
Cybersecurity in banking & finance: what it involves
Cybersecurity in banking and finance is about protecting payments, customer data and critical ICT services under several regimes at once. Financial institutions fall under DORA, which has applied since 17 January 2025, alongside NIS2 and the GDPR. Among other things, DORA requires a register of information covering all ICT services from third parties, DORA-compliant contracts and exit plans. The main threats are cyber fraud and social engineering, AI-generated deepfake fraud, DORA compliance deadlines and risks in the chain of fintech and ICT suppliers. Banks, insurers and pension funds therefore mainly hire DORA implementation consultants, privacy officers and DPOs with financial experience, IAM and PAM specialists for banking platforms and TPRM and vendor risk consultants. That last group is scarce, because they need to understand both contracts and ICT risk.
Key Threats
Cyber fraud & social engineering (73%)
DORA compliance deadlines
Third-party/fintech supply chain risk
AI-generated deepfake fraud
MVPeople delivers
DORA implementation consultants
Privacy Officers & DPOs (financial)
IAM/PAM specialists for banking platforms
TPRM & vendor risk consultants
48u
Average time-to-shortlist
97%
Clients return
7.000+
Professionals in network
100%
Cybersecurity focus
Frequently asked questions
Banks and insurers fall under DORA, the EU Digital Operational Resilience Act, which has applied since 17 January 2025. NIS2 and the GDPR also play a role. DORA requires ICT risk management, incident reporting, resilience testing and management of ICT third-party risk, including a register of information covering all ICT contracts with third parties. Responsibility sits with the management body of the institution.
For DORA a bank mainly needs DORA implementation consultants and TPRM or vendor risk specialists who can handle the register of information, ICT contracts and exit plans. Privacy officers and DPOs with financial experience and IAM and PAM specialists for banking platforms are also in high demand. A good TPRM specialist writes up a residual risk so that a board member can say yes or no to it, because the board is ultimately responsible under DORA.
MVPeople Group responds to every request within 4 hours and delivers introduction CVs for interim roles within 24 hours, often with a first profile within 4 hours. Candidates come from a network of more than 7,000 pre-screened cybersecurity professionals. MVPeople is NEN-4400-1 certified, WAADI registered, holds the SNA quality mark and works DBA-proof, which fits the procurement requirements of financial institutions.
For the catch-up on contracts and the register of information, an experienced interim specialist is usually the best choice, because you do not want that work done by someone doing it for the first time. Have someone from your own team work alongside them. The register goes to the supervisor every year, so afterwards a permanent or seconded employee is needed to keep it up to date.
Last updated by Mathijs Visser, Co-founder and Lead Consultant MVPeople Group.
Other NIS2 sectors
MVPeople Group places cybersecurity professionals across all NIS2 sectors.
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