DORA arrives: Here’s what you need to know - BH Consulting

The Digital Operational Resilience Act (DORA) becomes binding across the EU, aiming to strengthen financial entities’ stability and security. Organizations in scope, including financial institutions and ICT service providers, must comply with DORA’s five pillars: governance, ICT risk management, incident management, digital operational resilience testing, and ICT third-party supplier management. DORA mandates robust incident reporting, including operational outages and cybersecurity incidents, with specific impact criteria and thresholds for notification to regulatory authorities.