The European Union (EU) implemented the Digital Operational Resilience Act (DORA) in response to growing security and resilience issues across global markets, including in the financial services space. It is a transformative regulatory framework that elevates cybersecurity standards across the EU financial services sector, with clear implications in the United States as well.
In this article, we illustrate key aspects of the regulation and their practical implications for financial firms, including those in the United States.
