DORA : The digital operational resilience of the financial sector legislative text from the European Union

This legislative text from the European Union, officially titled Regulation (EU) 2022/2554, focuses on bolstering the digital operational resilience of the financial sector. It establishes uniform requirements for financial entities regarding the security of their network and information systems. The regulation covers various aspects, including ICT risk management, the reporting of major ICT-related incidents, digital operational resilience testing, and information sharing on cyber threats. Furthermore, it sets up an oversight framework for critical ICT third-party service providers to the financial industry to manage systemic risk.