Preparing For DORA: A Guide For Financial Institutions
The Digital Operational Resilience Act (DORA) comes into full effect on January 17, 2025, and aims to prevent and mitigate cyber threats by establishing a comprehensive ICT risk management framework for the EU financial industry. The new EU regulation seeks to ensure that financial institutions and critical ICT providers advance their cybersecurity and operational processes to safeguard their key systems, enhancing the industry’s operational resilience.