WebIn this post, we'll explore the new European Union regulation Digital Operational Resilience Act (DORA), its key features, and the expected impact on financial and non-financial organizations. DORA aims to modernize the existing EU cybersecurity frameworks and safeguard the digital operations of financial entities. We'll discuss the key ... WebThe finalisation of the EU’s Digital Operational Resilience Act (DORA) is a significant regulatory development for financial services (FS) firms expected later this year. The DORA will seek to harmonise digital resilience in the European Union through the introduction of requirements on ICT risk management and ICT-related incident reporting.

Introduction to the Digital Operational Resilience Act (DORA)

WebDigital Operational Resilience ACT (DORA) DORA is the first piece of legislation at the European level addressing the topic of digital operational resilience for financial services. … WebThe Digital Operational Resilience Act, also known as DORA, is now law in EU countries, with enforcement starting January 17, 2025. It aims to ensure that al... richard waters

Digital Operational Resilience Act (DORA) - KPMG Malta

WebMar 31, 2024 · The EU’s Digital Operational Resilience Act (DORA), which entered into force in January 2024, aims to improve financial entities’ cyber resilience levels and harmonize the cybersecurity requirements for the financial sector across the whole union. WebSep 27, 2024 · The Digital Operational Resilience Act Part two describes provisions in DORA governing the management of third-party risk by financial entities, which include key principles governing sound management of third-party risk and a framework for direct oversight of TSPs deemed “critical” by EU supervisory authorities. WebFeb 22, 2024 · In a nutshell: The Digital Operational Resilience Act (DORA) is a regulation designed to help prevent and mitigate cyber threats. It applies to the European Union’s financial services sector—and certain friends of … richard watermeyer