🔧 Decoding DORA: EU's Unified Approach to ICT Risk Governance

As financial services become increasingly digitized, the need for robust operational resilience has grown more critical. The Digital Operational Resilience Act (DORA), set to take effect on January 17, 2025, aims to establish a unified framework for Information and Communication Technology (ICT) risk management across the European Union's financial sector. This new regulation will significantly impact how banks, insurers, and other financial entities approach their digital risks.

DORA represents an important step in regulatory evolution, designed to address the growing complexities of the digital financial landscape. But what does this mean for financial institutions? And how can organizations prepare for this shift in regulatory expectations?