Key Highlights:
- Fireblocks has launched a cybersecurity solution tailored for firms to comply with the EU’s DORA.
- DORA encompasses all financial firms, extending to smaller crypto and fintech entities.
- The offering from Fireblocks includes a legal addendum, compliance reports, and an annual security audit.
Crypto custody firm Fireblocks has announced its new cybersecurity initiative aimed at assisting firms in complying with the Digital Operational Resilience Act (DORA) of the European Union, which took effect in January 2025.
Cybersecurity remains a significant issue, especially for crypto companies, which are generally more exposed to attacks and financial setbacks compared to traditional financial institutions. This was highlighted by the substantial hack of the major crypto exchange Bybit.
Alex Jilitsky, Cyber GRC Director at Fireblocks, stated, “One of the challenges for relatively small crypto firms and fintech companies is that DORA does not differentiate between these sorts of firms and large banks and financial institutions. It essentially states that you need to be more resilient—not only to cyber attacks but also against outages, disruptions, and technical failures.”
Key aspects of Fireblocks’ Cyber and Operational Resilience (COR) compliance package consist of a specific legal addendum, periodic assessments, and a yearly collective security audit, per a press release.
