Regulation

CrowdStrike outage puts finance on guard as EU regulation looms

Rules coming into force next year on digital resilience thrust into the spotlight after global technology crash

Cybersecurity firm CrowdStrike’s faulty update disrupted exchanges, as financial services firms get a new push to prepare for the Digital Operational Resilience Act
Cybersecurity firm CrowdStrike’s faulty update disrupted exchanges, as financial services firms get a new push to prepare for the Digital Operational Resilience Act Photo: Michael Nagle/Getty Images

A global IT outage on 19 July is pushing financial services firms to review their online security ahead of impending EU regulations.

Business are racing to be ready for new rules around digital resilience, with preparations thrust into the spotlight after a faulty update pushed out by cybersecurity firm CrowdStrike caused widespread disruption across industries from finance to air travel and media.

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