The Digital Operational Resilience Act (DORA) is a new regulatory framework introduced by the European Union to enhance the digital resilience of financial institutions against a growing landscape of cyber threats and Information and Communications Technology (ICT) disruptions. As financial services increasingly move online, the need for robust protection against cyberattacks, data breaches, and technology failures has become more critical than ever. DORA aims to create a unified set of standards across the EU, ensuring that financial entities can withstand, respond to, and recover from digital disruptions, ultimately safeguarding the stability of the financial sector. With key requirements becoming enforceable starting in January 2025, it is essential for organisations to begin their compliance efforts now to meet the impending deadline and avoid potential penalties.
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