Not only does DORA mandate higher resilience standards of EU financial institutions, but it also requires the management of third-party risk, similar to DoD CMMC, but with even more depth and detail.

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DORA compliance extends beyond internal procedures, covering third-party service providers as well. It’s here where most organisations risk tripping up in the initial stages of DORA enforcement.

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. On January 17, the EU’s Digital Operational Resilience Act (DORA) will become implemented.

managing ICT third-party risks is a key requirement of DORA. Organizations should conduct thorough due diligence when selecting third-party providers and continuously monitor their performance and ...

DORA represents a fundamental shift in how financial institutions approach digital security, ensuring they can withstand cyber threats, operational disruptions, and third-party vulnerabilities.

Now in force, DORA has proved challenging for many IT leaders to achieve compliance, particularly around third-party providers, suppliers, and subcontractors. In force since January, the Digital ...

The provisions apply to banks, insurance and investment companies. Third-party IT providers within the financial industry are also in scope. Although DORA is an EU law, it also applies to many global ...

particularly for managing third-party risks and setting up effective incident reporting systems.” What is the Digital Operational Resilience Act (DORA) The Digital Operational Resilience Act ...

DORA has been introduced to address the increasing dependence ... the regulations extend to those third-party organizations. “The data center and financial services sectors will experience significant ...