DORA Compliance for Financial Services: What You Need to Know

Regulations aimed at strengthening the digital resilience and operational resilience of financial entities are nothing new; however, they’ve historically been addressed as siloed issues. The EU’s Digital Operational Resilience Act (DORA) is the first to merge the two issues together under a single regulation.

Acknowledging the business reality that operational and IT risks are inextricably linked, DORA requires institutions to develop a deeper understanding of how the information and communication technology (ICT) across their ecosystem impacts operations.