The Digital Operational Resilience Act (DORA) is designed to enhance operational resilience, reduce IT threats and boost the ability of financial companies in the EU to prevent and deal with ICT-related incidents. It comes into force on 17th January 2025, as part of the EU's efforts to regulate the digital sector.
DORA applies to all financial institutions in the EU, but its remit covers any UK financial firm that works with EU customers or does business with EU financial firms. For some companies, it will require additional IT security measures – even if they already adhere to frameworks including ISO 27001 or COBIT.
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