What does DORA set out to achieve?
OBJECTIVE 1
Standardise Risk Management Practices – DORA seeks to harminise risk management across the financial sector, ensuring all institutions adhere to a unified standard.
Risk Management
OBJECTIVE 2
Enhance Incident Reporting – The regulation introduces clear guidelines for reporting significant ICT-related incidents, ensuring timely communication with regulatory authorities.
Incident Reporting
OBJECTIVE 3
Boost Operational Resilience – DORA aims to fortify the financial sector against digital disruptions, ensuring that essential services remain operational during crises.