Understanding DORA - Your pathway to compliance

What is DORA?
DORA - stands for Digital Operational Resilience Act. It's a European Union regulation designed to strengthen the cybersecurity and operational resilience of financial institutions.

Key objectives of DORA include:

  • Harmonizing regulations: It aims to create a uniform set of rules for ICT risk management across all EU member states.
  • Strengthening resilience: DORA requires financial institutions to implement measures to prevent, detect, contain, and recover from ICT-related disruptions.
  • Improving incident reporting: It mandates the reporting of major ICT incidents to authorities.
  • Enhancing third-party risk management: DORA introduces requirements for managing risks associated with third-party ICT service providers.

By implementing DORA, the EU seeks to protect the stability of the financial system and safeguard consumer interests in the face of increasing cyber threats.

Ensure your institution is prepared and compliant by understanding and acting on the requirements of DORA with guidance from the experts at Intercede.

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    Further Reading - DORA and Authentication 

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