As the digital and cyber threat landscape evolves, the European Union (EU) is taking significant strides to strengthen the security and resilience of businesses operating within its borders. The Digital Operational Resilience Act (DORA) is a pioneering regulation to ensure the digital infrastructure of critical sectors remains robust and resilient in the face of escalating cyber threats. All financial services providers are now under pressure to comply with the regulation by the 17th January 2025.
What does resilience mean in simple terms? Cyber resilience is the ability of an organisation to protect itself from, detect, respond to, and recover from cyber-attacks. That’s plural and the reality is every day an organisation will face cyber threats. By being resilient and being able to withstand the high potential of multiple attacks, organisations can reduce the impact of an attack and ensure that they can continue to operate effectively.
In this article, we will explore the key facets of DORA, shed light on the organisations it impacts, and outline the cybersecurity regulations and controls that necessitate attention.