![Tough new EU cyber rules require banks to ramp up security — but many aren’t ready Tough new EU cyber rules require banks to ramp up security — but many aren’t ready](https://i3.wp.com/image.cnbcfm.com/api/v1/image/108084321-17364409131736440909-37914695940-1080pnbcnews.jpg?v=1736440912&w=750&h=422&vtcrop=y&w=600&resize=600,400&ssl=1)
Tough new EU cyber rules require banks to ramp up security — but many aren’t ready
Traffic_analyzer | Digitalvision Vectors | Getty Images Tough new European Union regulations requiring banks to bolster their cybersecurity systems officially come into effect Friday — but many of the bloc’s financial services firms aren’t yet in full compliance with the rules. The EU’s Digital Operational Resilience Act, or DORA, requires both financial services firms and…