The Digital Operational Resilience Act (DORA), which took effect on January 16, 2023, introduced additional regulatory requirements for financial services and ICT companies operating in or working with the European Union (EU). DORA outlines guidelines for cyber risk management and operational resilience, aiming to enhance the digital resilience of financial entities across Europe. While it primarily applies to EU organisations, UK-based companies may be subject to DORAs if they do business with EU entities. The compliance deadline for January 17, 2025 has now passed. Automation enables organisations to streamline compliance, strengthen operational resilience and reduce burdens. The right automation technology can support Financial Services and International Community Services companies to deliver on the higher-level technical requirements.
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