The Digital Operational Resilience Act (DORA), effective from January 16, 2023, mandates that financial organizations fortify their systems against digital disruptions to ensure operational resilience in the EU.
DORA's successful implementation hinges on how mature organizations are regarding their cybersecurity practices, impacting their ability to withstand operational disturbances caused by external IT services.
Events like the CrowdStrike flaw highlighted vulnerabilities in third-party software, impacting banks' services, emphasizing the need for a robust regulatory framework for digital resilience.
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