Digital Operational Resilience Act (DORA) is the first piece of legislation at the European level addressing the topic of digital operational resilience for financial services. It is hailed as a “game changer” that will push Financial Services firms to fully understand how their ICT, operational resilience, cyber and TPRM practices affect the resilience of their most critical functions as well as develop entirely new operational resilience capabilities.
What does DORA mean for firms and how should financial forms engage with the Act?