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MVPeopleGroup
Banking & Finance
Clients/Banking & Finance

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.

NIS2 Annex IDORACEO Priority #1GDPR
73%

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

1

Cyber fraud & social engineering (73%)

2

DORA compliance deadlines

3

Third-party/fintech supply chain risk

4

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.

Mathijs Visser

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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