The clock is ticking for financial institutions across the EU as the January 17, 2025, deadline for the Digital Operational Resilience Act (DORA) approaches.
This regulation will reshape how organizations in the financial sector approach cybersecurity and operational resilience. It demands more than just technical upgrades — it calls for a strategic shift in mindset and practices.
Cyberattacks targeting financial organizations have grown more sophisticated. Last month’s breach at Finastra, a leading fintech provider serving the world’s top banks, is a stark reminder of the vulnerabilities that remain even in the most advanced systems. As financial systems grow more interconnected, DORA sets the standard for ensuring institutions can withstand, recover from, and adapt to the challenges of shifting cyber risks.
Now is the time for financial organizations to ensure they fully understand how to meet DORA’s core requirements. This will allow them to implement proactive strategies for resilience and prepare for regulatory reviews that will shape the future of operational resilience in the EU financial sector.
Understanding DORA’s core requirements
DORA represents…
