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Digital Operational Resiliency Act (DORA): A Quick Reference Guide
The Digital Operational Resilience Act (DORA) is an EU piece of legislation that mandates financial services and insurance companies, as well as IT suppliers, across Europe to adopt robust cyber security and ICT risk management practices. Firms must be compliant by 17th January 2025 which is when the legislation is due to come into force.
Our Quick Reference Guide to DORA
FluidOne's cyber security and compliance services pillar have authored a detailed blog post as well as a handy quick reference guide to DORA for our customers available via the link below.
We created this guide to help our customers in the Financial Services industry and supporting organisations understand their compliance obligations under DORA and provide some high-level information on the packages available to help you gain compliance.
The implementation of DORA mandates companies within the financial sector to adopt cyber resilience methods within their operations by 2025.
A significant increase in cyber incidents within the financial industry led to the European Commission developing this new regulatory framework for digital and cyber risk management.
The scope of the regulations is broad, encompassing organizations such as insurance companies and IT suppliers, including ICT providers in the supply chain.
In-scope organisations and their suppliers should begin preparatory work as soon as possible if they haven’t already done so.