The European Commission released a new regulation “Digital Operational Resilience Act” (DORA) for ICT risk management. This regulation will apply to financial institutions within Europe.
The goal of this framework is to create a harmonized risk management tool for improving cybersecurity and resilience. The regulation aims to establish standards for organizations to increase the overall cybersecurity posture of financial institutions across the EU.
DORA covers the entire financial sector across both small and large enterprises. The final version is expected to come fully into effect by the end of 2022 depending on feedback received from market stakeholders.
In this white paper, our Security Expert David van Gool explains the main points of this new DORA framework, how this new framework applies to the financial sector & why compliancy with the DORA is very important. Read the white paper here to learn more.