DORA Solution Brief: THE DIGITAL OPERATIONAL RESILIENCE ACT (DORA) & RUBRIK
How Rubrik can help financial organisations meet the European Union’s latest standards for cyber resilience
Digital Operational Resilience Act (DORA) is a European Union regulation designed to accelerate cyber resilience capabilities among financial services institutions. EU member states will need to abide by the law, which will require financial services organisations to improve their response to operational disruptions, such as cyberattacks, by placing much more emphasis on resilience and recovery as opposed to traditional detect-and-protect approaches, starting January 17, 2025.
Covered financial institutions—including banks, insurance companies, investment firms, cryptocurrency exchanges, and trading platforms—and other organisations that provide critical services to them will need to align to DORA or run the risk of facing fines of up to 2% of their total annual worldwide turnover(1). The amount of the fine will depend on the severity of the violation and the financial entity's cooperation with authorities.
Digital Operational Resilience Act (DORA) is a European Union regulation designed to accelerate cyber resilience capabilities among financial services institutions. EU member states will need to abide by the law, which will require financial services organisations to improve their response to operational disruptions, such as cyberattacks, by placing much more emphasis on resilience and recovery as opposed to traditional detect-and-protect approaches, starting January 17, 2025.
Covered financial institutions—including banks, insurance companies, investment firms, cryptocurrency exchanges, and trading platforms—and other organisations that provide critical services to them will need to align to DORA or run the risk of facing fines of up to 2% of their total annual worldwide turnover(1). The amount of the fine will depend on the severity of the violation and the financial entity's cooperation with authorities.
Provider: Rubrik UK Limited | Laki: 10 MB | Wika: English