DORA: A step-by-step guide to strengthening digital operational resilience in the financial sector. Learn more today. Credit: Ground Picture The Digital Operational Resilience Act (DORA) is a significant regulatory framework introduced by the European Union to enhance the operational resilience of digital systems within the financial sector. The regulations went into effect on January 17, 2025. As technology becomes increasingly integral to financial services, the need for robust cybersecurity measures and resilient digital infrastructures has never been more critical. Here’s a detailed guide on how organizations can navigate DORA with confidence and bolster their digital operational resilience. 1. Understand the Scope and Requirements of DORA You should thoroughly understand DORA’s scope and the specific requirements it imposes on financial entities. DORA aims to consolidate and strengthen IT risk management across the financial sector. It applies to a wide range of entities, including banks, insurance companies, and investment firms, as well as critical third-party service providers, such as cloud computing services. Organizations must assess whether they fall under the scope of DORA and understand the obligations it entails, such as incident reporting, digital operational resilience testing, and management of ICT third-party risks. 2. Conduct a Comprehensive Risk Assessment Under DORA, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
