DORA Framework

What is DORA?

DORA is a groundbreaking regulation from the European Union (EU) designed to bolster the operational resilience of the financial sector. It establishes a robust framework for managing cyber risks and ensuring business continuity in the face of disruptions.

Why is it important?

DORA addresses the ever-evolving cyber threat landscape and strengthens the financial system's ability to withstand cyberattacks and other operational disruptions. This helps to:

• Protect financial stability: By minimizing disruptions to critical financial services, DORA safeguards the overall stability of the financial system.

• Enhance consumer protection: DORA promotes robust cyber defenses, which help to protect sensitive financial data and maintain consumer trust.

• Promote a level playing field: DORA establishes consistent standards across the EU financial sector, ensuring a fair and competitive environment.

Who needs to comply with DORA?

DORA applies to a broad range of entities within the EU financial sector, including:

• Credit institutions (banks)

• Investment firms

• Third-party ICT service providers critical to the financial sector

If you have any questions or issues, please reach out to your assigned Customer Success Manager. They'll be happy to assist you!

To view all the product updates, please click here.