Preliminary agreement on the Digital Operational Resilience Act

The Council Presidency and the European Parliament reached a preliminary agreement on the Digital Operational Resilience Act (DORA), which aims to ensure that the financial sector in Europe is able to maintain its operations in the event of a severe operational disruption.

DORA establishes uniform requirements for the security of networks and information systems of financial sector companies and organizations, as well as critical third parties, and creates a legal framework for digital operational resilience. These requirements are consistent across all EU member states. The main goal is to prevent and mitigate cyber threats.

More information on the agreement can be found here.