DORA Compliance: What ICT Providers Serving Financial Firms Must Prepare For

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The Digital Operational Resilience Act (DORA) is EU legislation designed to make the financial sector more resilient to IT disruptions. It sets requirements for ICT providers covering risk management, incident detection and reporting, and operational resilience testing. Suppliers are also expected to manage third-party risks through vendor due diligence and continuous monitoring. The article recommends concrete preparation steps, such as conducting a gap assessment, strengthening risk frameworks, and establishing clear incident protocols. It also advises deploying continuous monitoring and aligning DORA with other regulatory frameworks.

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