DORA – Guiding the Resilience of Digital Financial Services
May 01, 2024
In today's digital age, financial institutions are tasked with the critical mission of upholding high standards of service, continuity, and resilience while combatting evolving cyber threats. The ability to innovate and enhance the security of digital financial services is essential for growth, differentiation, and for building trust with customers. To address these challenges, financial institutions must establish and maintain robust security processes and adapt their cyber defenses continuously. One key regulatory initiative designed to assist financial institutions in enhancing their operational resilience and cybersecurity posture is the Digital Operational Resilience Act (DORA). Understanding DORA The Digital Operational Resilience Act (Regulation (EU) 2022/2554) is a pivotal regulatory framework that focuses on digital operational resilience within financial services. Representing the EU's primary regulato...
