Digital Operational Resilience Act (DORA) – ensuring security and resilience in the financial sector

The security of digital systems is of crucial importance for financial and information and communication technology ("ICT") service providers. With the Digital Operational Resilience Act (DORA), a law came into force in January 2023 that regulates the operational resilience of digital systems in the financial and insurance sector. They now have until 17 January 2025 to implement the DORA regulation. This article is intended to help you understand the relevance, impact and requirements of DORA and make the necessary preparations in good time.