An analysis of the new Digital Operational Resilience Act
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In June 2022, the European Union (EU) reached an agreement on the publication of the new Digital Operational Resilience Act, also known as DORA. It represents another step from the EU towards building resilience across its Member States. In the last few years there have been a series of regulations and directives that have focused on critical infrastructure, cybersecurity, and digital services. DORA is part of this journey, and perhaps it is no surprise that it comes only a year or so after the United Kingdom’s Operational Resilience Policy, issued by the Bank of England and the UK’s Financial Conduct Authority (FCA). Many EU and UK organizations still conduct business together after the relatively recent British exit from the Union, and it makes sense that regulation stays harmonised as much as possible.
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