Cyberbytes 1/24: DORA 2024 - What the EU’s Digital Resilience Law Means
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DORA Demystified: Cyberbytes 1/24 explains the EU’s Digital Operational Resilience Act and its impact on financial entities.
The Digital Operational Resilience Act (DORA) is a European Union regulation that came into force on 16 January 2023 and will apply from 17 January 20251. Its main objective is to improve the IT security of financial institutions, including banks, insurance companies and investment firms. In doing so, DORA aims to ensure that the European financial sector remains resilient even in the face of severe operational disruptions.
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