How to DORA
07.11.2024 – Articles
With the implementation date of the EU’s Digital Operational Resilience Act (DORA) fast approaching on the 17th of January 2025, private equity firms are grappling with how to comply with the rules.
DORA asks all financial institutions to take a closer look at their IT risks, with a particular focus on digital supply chain concentration.
Digital interconnectedness
As our world becomes increasingly reliant on digital suppliers, DORA aims to better understand where pockets of risk lie.
It aims to bring holistic thinking to the growing risks arising from a connected web of digital suppliers and fill in gaps that haven’t been covered by other capital adequacy rules.
Essentially, DORA sets out harmonised technical standards to ensure digital operational resilience through uniform requirements for network security and information systems that support the financial services sector.