DORA, the Digital Operational Resilience Act will come into force on 17th January 2025. DORA creates a binding, ICT risk management framework for financial sector organisations operating in European Member States.
DORA contains a large number of requirements covering a wide range of topics. Some of these will be new to financial organisaitons, while others are likely to have already been implemented under previous legislation. Either way, it is important to determine what your organisation needs to do to ensure compliance.
At the heart of DORA compliance is ICT risk management.
The DORA process has four steps – Discover, Offer, Request and Acknowledge. These are designed to mitigate operational resilience risks.
Through our training institute, The Ministry of Compliance, we offer practical training to enhance your organisation’s digital resilience: