Read the original article: EU’s DORA regulation explained: New risk management requirements for financial firms
In October 2020, the European Union (EU) published draft legislation to codify how financial firms manage digital risk. Announced as part of the EU’s new Digital Finance Strategy, the proposed Digital Operational Resilience Act (DORA) is designed to “consolidate and upgrade ICT [information and communications technology] risk requirements” across the financial entities to ensure all firms are “subject to a common set of standards to mitigate ICT risks.”
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(Insider Story)
Read the original article: EU’s DORA regulation explained: New risk management requirements for financial firms