The EU's new DORA law requires robust cybersecurity measures for financial entities to prevent tech disruptions.
The EU's new Digital Operational Resilience Act (DORA), effective since January 17, 2025, mandates robust cybersecurity measures for financial entities to prevent ICT-related disruptions. It applies to banks, insurance companies, investment firms, and crypto-asset providers, requiring them to manage ICT risks, report incidents, and conduct regular tests. Non-compliance can lead to penalties, and while not directly affecting the UK, it impacts UK firms with EU operations.
2 months ago
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