Although they have had two years to prepare, a significant minority of UK financial services organisations are not compliant with the EU's DORA by the 2025 deadline.
The barriers to compliance include issues related to prioritization, timelines, skills gaps, and lack of visibility into supply chains, highlighting internal organizational challenges.
Most compliance requirements under DORA can be addressed through comprehensive risk assessments and resilience testing rather than extensive new mandates, easing compliance efforts.
Despite the challenges cited, 84% of organizations reported having sufficient budget for compliance, and 47% have invested over €1 million in compliance measures.
#dora-compliance #uk-financial-services #cyber-resilience #regulatory-challenges #orange-cyberdefense
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