DORA: Digital Operational Resilience Act
Even operationally - resilient and ISO 27001 compliant entities must meet new and significant analysis and reporting requirements, and soon, in order to meet DORA’s very prescriptive requirements.
As of January 17 2025, financial institutions will need to demonstrate compliance with DORA - obligations that underpin the Digital Operational Resilience Act drive for greater stability, security and consumer confidence throughout the European Union financial sector.
While in the main, DORA’s requirements are consistent with existing regulations and best practice, there’s no room for complacency. Even operationally-resilient and IS0 27001 compliant entities may be surprised by the depth of DORA’s specific and often very prescriptive requirements – two of which in particular, oblige you to make major changes.
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