NEWS & INSIGHTS DORA: A Practical Guide for Financial Institutions and ICT Service Providers What is DORA? The Digital Operational Resilience Act (DORA) is an EU Regulation, published in December 2022 and coming into effect in January 2025, with the aim to establish a coherent approach to information and communication technology (ICT) risk in the
NEWS & INSIGHTS Microsoft Outage: A Wake-Up Call for Digital Operational Resilience Preparedness In an unprecedented event, a mass IT outage has affected major banks, media outlets, and airlines worldwide. The disruption, which began earlier today, has caused significant operational challenges, particularly in Australia, where flights were grounded, supermarket checkouts failed, and broadcast networks struggled
NEWS & INSIGHTS Understanding the New EU Criteria for Classifying Cyber Threats under DORA On 13 March 2024, the European Commission adopted the new Regulatory Technical Standards (RTS), which supplement the DORA Regulation (EU) 2022/2554 and specify the criteria for the classification of ICT-related incidents and cyber threats, setting out materiality thresholds and identifying the
NEWS & INSIGHTS Is DORA geared towards ICT or business direction? Viewing DORA (Digital Operational Resilience Act) solely as an ICT regulation and leaving it entirely in the hands of IT teams would be a shortsighted approach. DORA is geared towards both ICT (Information and Communication Technology) and business direction and here’s why: Focus on