Profits and Losses: How DORA Strengthens Financial Services Firms in the EU Before It's Too Late
The Digital Operational Resilience Act (DORA) came into effect on January 17, across the EU. This new regulation aims to fortify the cyber security defences of financial services firms and their suppliers against digital threats. Understanding DORA is crucial for businesses as it unifies cyber security regulations, reducing vulnerabilities and ensuring compliance. In this blog, we'll explore what DORA entails, its key components, and its implications for both EU and UK-based financial institutions.