Digital Operational Resilience Act Overview

This document is a guide that outlines the Digital Operational Resilience Act (DORA), a regulation introduced by the European Union aimed at enhancing ICT and digital risk management within the financial sector. The guide details the key requirements of DORA, which include the implementation of a comprehensive ICT risk management framework, incident management, and reporting systems. It emphasizes the necessity for organizations to establish robust processes for managing risks associated with third-party providers and to ensure effective information sharing regarding cybersecurity threats. The document also specifies the timeline for compliance, noting that regulated entities must adhere to the requirements by January 17, 2025. Additionally, it presents how MetricStream and Deloitte can assist organizations in achieving compliance through various services, including gap analysis and the implementation of customized methodologies. The guide serves as a resource for organizations preparing for the operational resilience mandates set forth by DORA.