The EU's Digital Operational Resilience Act (DORA) sets requirements for managing IT risks and ensuring operational resilience in the financial sector. It applies to various financial institutions in the EU. Third-party providers will also impact operations indirectly. DORA aims to improve operational resilience to cyber threats by mandating robust cyber risk assessment frameworks, incident response capabilities, and system testing. The five pillars of DORA include IT risk management, incident reporting, operational resilience testing, third-party risk management, and achieving compliance. #DORA #ITriskmanagement #incidentreporting #operationalresiliencetesting #thirdpartyriskmanagement #achievingcompliance

https://www.infosecurity-magazine.com/blogs/dora-regulation-uk-finance-firms/