target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC PlanScape - Doc Document number: # US51442324
IDC PlanScape: Last-Call DORA Compliance Checklist to Achieve Digital Operational Resilience
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Abstract
This IDC PlanScape examines the EU Digital Operational Resilience Act (DORA), effective January 2025, which aims to enhance IT security in financial entities by addressing systemic risks from interconnected ecosystems. DORA mandates harmonized rules across financial sectors and extends to ICT third-party providers. Key requirements include risk management, resilience testing, incident reporting, and information sharing. Financial entities must ensure board involvement, map critical assets, collaborate with ICT providers, and leverage advanced technologies for compliance and operational improvements.
"Are you ready for DORA? Discover the 10 critical steps financial entities must take before January 2025 to ensure compliance with the Digital Operational Resilience Act," said Maria Adele Di Comite, research director, IDC Financial Insights Corporate and Retail Banking.