DORA (Digital Operational Resilience Act)
DORA (Regulation (EU) 2022/2554) is the EU's Digital Operational Resilience Act, imposing comprehensive ICT risk management, incident reporting, resilience testing, and third-party oversight obligations on financial entities operating in the EU.
What DORA Requires
DORA imposes obligations across several pillars: ICT risk management (governance, identification, protection, detection, response, recovery), ICT-related incident reporting to competent authorities, digital operational resilience testing including threat-led penetration testing, management of ICT third-party risk including a Register of Information, and information sharing arrangements.
The regulation also introduces direct supervisory oversight for critical ICT third-party providers, an unusual step that reflects concentration risk concerns in the sector.
Who DORA Applies To
DORA applies to a broad set of financial entities: credit institutions, payment and e-money institutions, investment firms, insurers, crypto-asset service providers, and others. It also applies to certain ICT third-party service providers, particularly those designated critical.
DORA applied from January 17, 2025, following a two-year transition period.
Why DORA Matters
DORA is one of the most comprehensive operational resilience regulations globally, and its influence extends beyond the EU. Non-EU firms serving EU financial entities as ICT providers face DORA-derived contractual and operational requirements. The regulation is shaping how the broader financial sector thinks about ICT resilience.
How Kovrr Approaches DORA
Kovrr's Cybersecurity GRC capability supports DORA compliance across ICT risk management, incident reporting readiness, resilience testing scenarios, and the Register of Information. CRQ outputs support the risk assessment and impact analysis DORA requires.
Related Terms
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