What is DORA and why should you care?

Have you ever heard of the Digital Operational Resilience Act (DORA)?
It’s a new set of rules from the EU designed to make the financial sector more resilient against tech disruptions. Think of it as a safety net for banks, investment firms, and other financial players to help them bounce back from cyberattacks or IT glitches.
More info on DORA : https://lnkd.in/dcHJPqpM

Who does Dora apply to?
DORA casts a wide net, covering not only the usual suspects like banks and insurance companies but also the tech providers behind the scenes – cloud providers, data centres and the like. If your business touches the financial sector in any way, it’s worth checking if DORA applies to you.

What does DORA want from you?
In a nutshell, DORA wants financial entities to have their tech ducks in a row. This means having strong defenses against cyber threats, a plan for when things go wrong, and open communication with others in the industry about potential risks.

How can Contact Advisory Services help you?
Navigating DORA can feel like wandering through a maze, but that’s where we come in. We will perform a gap analysis and help you with implementing remedial actions to ensure you are compliant with DORA.

Don’t wait until it’s too late!
With the deadline for complying with the EU’s Digital Operational Resilience Act (DORA) set for 17 January 2025, pressure is mounting for financial institutions and service providers across the industry.
DORA isn’t just a suggestion; it’s the law. Ignoring it could lead to hefty fines and a damaged reputation.
Get in touch with us, if you want to know more :
https://lnkd.in/eaJA3hU2