ICT Governance
Update existing rules on ICT governance to align respective business strategies
DORA - Digital Operations Resilience Act
The Digital Operations Resilience Act (DORA) is a set of regulations developed at the European level to minimize digital risks in the financial sector. The purpose of this regulation is the harmonization of existing rules on managing ICT (Information and Communication Technology) governance, risks and incident reporting for all financial institutions to ensure operational resilience against cyberattacks.
DEADLINE
DORA will come into force as new regulation at European level and must be applied in an equal manner in all EU countries.
DORA entered into force in January 2023 and shall apply 24 months after the date of its publication
Articles 23 and 24 (threat-based penetration tests) apply 36 months after the due date of entry into force.
Summary
Update existing rules on ICT governance to align respective business strategies
Key requirements and principles on ICT risk management
Monitoring and reporting of ICT-related incidents
Regular performance of enhanced operational resilience tests
Active management of ICT third-party risk and the contract design
Compliance with the regulation will be ensured by respective authorities
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