Understanding DORA: What You Need to Know

3 July 2024 // 1 Min Read

The Digital Operational Resilience Act (DORA) is the EU’s latest regulatory measure aimed at enhancing IT security and digital resilience across the financial sector. With significant fines for non-compliance, organisations have only six months to align with DORA’s stringent requirements. DORA impacts a wide range of financial entities, including banks, insurance companies, and critical ICT service providers, introducing new standards for risk management, incident response, and operational resilience testing.

Why is DORA critical? It mitigates cyber threats, streamlines regulatory landscapes, and strengthens the financial sector’s stability. Starting January 2025, EU regulators will enforce compliance, with severe penalties for those failing to meet standards. This regulation not only addresses current digital risks but also supports ongoing digital transformation.

For full insights on DORA’s implications and how to prepare, read the complete article by Wayne Churchill, CEO of NormCyber. Discover how to navigate these new regulations and ensure your organisation’s resilience and security.