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By Oriane KAESMANN, Research Manager the LHoFT
In a bid to shield the financial sector from the ever-growing dangers brought on by digital vulnerabilities, the Digital Operational Resilience Act (DORA) emerges as a pivotal piece of legislation within the European Union’s array of regulations. Slated for enforcement starting January 2025, DORA introduces a holistic framework that champions a cohesive strategy to bolster operational resilience, emphasizing the critical need for financial institutions to robustly confront and curtail risks associated with information and communication technologies. But it is more than just ticking boxes for compliance; adopting rigorous cybersecurity practices is a strategic necessity. It is about ensuring that financial...
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