IT-Security Regulatory Update | December 2022
Focus: DORA, cloud outsourcing and corporate due diligence obligations in supply chains.
Highlight from December 2022
Digital Operational Resilience
On December 27, the Digital Operational Resilience Act was released and will be in effect beginning in January 2025. This means that financial institutions and critical ICT service providers will have to shoulder a considerable amount of work.
Even though DORA will not take effect for two more years, the effort associated with the act should not be underestimated. Implementation measures are needed not only on the part of the financial institutions, but also by ICT service providers. The sooner you start, the better.
We at ADWEKO are happy to assist you with our expertise in implementing the requirements of the DORA.