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Cybersecurity › Digital Operational Resilience Act (DORA) › Financial Services Industry

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +
Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now.   less -
Skadden, Arps, Slate, Meagher & Flom LLP

The Last Piece of DORA Falls Into Place: 10 Lessons From the First Six Months

Skadden, Arps, Slate, Meagher & Flom LLP on

- What is new: The EU’s Delegated Regulation on Subcontracting has come into force, completing the legal framework of the Digital Operational Resilience Act (DORA). Attention will now turn to enforcement. - Why it matters:...more

Hogan Lovells

The EU Digital Operational Resilience Act (DORA): top 7 challenges for IT vendors

Hogan Lovells on

The Digital Operational Resilience Act ("DORA") is the EU's latest legislative effort to enhance digital operational resilience across the financial sector through a harmonised set of rules for managing information and...more

A&O Shearman

EU Delegated Regulation on threat-led penetration testing published in OJ

A&O Shearman on

Commission Delegated Regulation (EU) 2025/1190 of 13 February has been published in the Official Journal of the European Union. The Delegated Regulation supplements the Digital Operational Resilience Act (DORA) with regard to...more

A&O Shearman

Operational resilience in banking: from regulatory compliance to strategic priority

A&O Shearman on

As regulatory frameworks tighten and cybersecurity threats grow in complexity, operational resilience is, now more than ever, a boardroom challenge for banks....more

A&O Shearman

FSB publishes finalised format for FIRE framework

A&O Shearman on

The Financial Stability Board (FSB) has published its finalised Format for Incident Reporting Exchange (FIRE), together with a press release and updated webpage. FIRE provides a standardised format for financial institutions...more

Integreon

DORA Compliance Part 1: Proactively Meeting DORA Supply Chain Resilience Obligations

Integreon on

Introduction to DORA and its Implications - As of Jan.17, 2025, the European Union’s Digital Operational Resilience Act (DORA) became enforceable. This new regulatory framework significantly impacts financial institutions and...more

Katten Muchin Rosenman LLP

Privacy, Data and Cybersecurity Quick Clicks | Issue 27

Katten Muchin Rosenman LLP on

Katten's Privacy, Data and Cybersecurity Quick Clicks is a monthly newsletter highlighting the latest news and legal developments involving privacy, data and cybersecurity issues across the globe....more

Katten Muchin Rosenman LLP

Navigating DORA Compliance: Recent Developments

Katten Muchin Rosenman LLP on

The EU Digital Operational Resilience Act (DORA) took effect on 17 January 2025 after a two-year implementation period. DORA sets out new requirements for financial entities (FEs) and their information technology and...more

HaystackID

Rising Cyber Threats in Europe’s Financial Sector: An ENISA Overview

HaystackID on

Between January 2023 and June 2024, cyber threats targeting Europe’s financial sector escalated, posing risks to banks, financial service providers, and regulatory bodies. According to the ENISA Threat Landscape: Finance...more

A&O Shearman

EU DORA technical standards published

A&O Shearman on

Two delegated acts were published in the Official Journal of the European Union (OJ) in respect of the EU Digital Operational Resilience Act (DORA). These are: - Commission Delegated Regulation (EU) 2025/301, which comprises...more

A&O Shearman

European Central Bank updates TIBER-EU framework to align with DORA RTS on TLPT

A&O Shearman on

The European Central Bank (ECB) has published an updated version of the threat intelligence-based ethical red teaming framework (TIBER-EU framework) (dated January) to align with the Digital Operational Resilience Act (DORA)...more

A&O Shearman

European Commission adopts Delegated Regulation on RTS on threat-led penetration testing under DORA

A&O Shearman on

The European Commission (EC) has adopted a Commission Delegated Regulation supplementing the Digital Operational Resilience Act (DORA) with regard to RTS specifying the criteria used for identifying financial entities...more

Hogan Lovells

European Supervisory Authorities published a roadmap to designate critical ICT third-party service providers under the Digital...

Hogan Lovells on

The European Supervisory Authorities (“ESAs”) published a roadmap to designate critical ICT third-party service providers (“CTPPs”) under the Digital Operational Resilience Act (“DORA”). To designate an ICT third-party...more

Katten Muchin Rosenman LLP

European Commission Rejects Draft DORA RTS on Sub-contracting

Katten Muchin Rosenman LLP on

The European Commission (Commission) recently published a letter (Letter) that it sent to the European Supervisory Authorities (ESAs) rejecting certain draft regulatory technical standards (RTS) under the EU Digital...more

Katten Muchin Rosenman LLP

European Commission Clarifies Definition of “ICT Services” under DORA

Katten Muchin Rosenman LLP on

The European Insurance and Occupational Pensions Authority recently published the European Commission’s response (Q&A 2999) on the question of which services fall under the definition of “ICT services” under Article 3(21) of...more

Hogan Lovells

The European Commission rejects draft Regulatory Technical Standards on subcontracting under the Digital Operational Resilience...

Hogan Lovells on

What has happened: On 21 January 2025, the European Commission sent a letter to the Chair of the Joint Committee of the ESAs with its decision to reject the draft Regulatory Technical Standards (“RTS”) on subcontracting...more

Morgan Lewis - Tech & Sourcing

DORA European Commission Clarifies Scope of ICT Services

Morgan Lewis - Tech & Sourcing on

European regulators recently published clarifications on the scope of ICT services under the EU Digital Operational Resilience Act (DORA), prepared by the European Commission, which confirms previous guidance and enables...more

Hogan Lovells

European Commission confirms that financial services are not ICT services for DORA purposes

Hogan Lovells on

Firms involved in implementing changes to comply with new rules under the EU Digital Operational Resilience Act (DORA) have questioned whether financial services provided by other regulated firms may fall within the...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

The EU’s Digital Operational Resilience Act Comes Into Effect

Ogletree, Deakins, Nash, Smoak & Stewart,... on

The European Union’s Digital Operational Resilience Act (DORA) came into effect on January 17, 2025. DORA aims to harmonise rules concerning the provision of information and communication technology (ICT) services to...more

Cadwalader, Wickersham & Taft LLP

DORA Now in Force in the EU

Cadwalader, Wickersham & Taft LLP on

Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (“DORA”), which establishes a uniform set of requirements relating to the security of network and information systems supporting financial...more

Morgan Lewis - Tech & Sourcing

Preparing for DORA Compliance Deadline Arrives

Morgan Lewis - Tech & Sourcing on

Starting as of Friday, January 17, 2025, financial entities must now be compliant with the EU’s Digital Operational Resilience Act (DORA). Implementation efforts have accelerated in recent months to meet the deadline and in...more

Mayer Brown

Cybersecurity in the Financial Sector: EU’s Digital Operational Resilience Act Takes Effect

Mayer Brown on

Beginning 17 January 2025, the Digital Operational Resilience Act (DORA) will apply to almost all EU financial entities, including banks, insurers and reinsurers, brokers , payment and electronic money institutions,...more

Katten Muchin Rosenman LLP

DORA Takes Effect: Key Next Steps for Firms

Katten Muchin Rosenman LLP on

After a two-year implementation period, the EU Digital Operational Resilience Act (DORA) takes effect on 17 January 2025. DORA is part of the EU’s Digital Finance Package and aims to strengthen the financial sector’s...more

Wilson Sonsini Goodrich & Rosati

DORA: New EU Cybersecurity Requirements for the Financial Sector Enter into Force

Wilson Sonsini Goodrich & Rosati on

Starting January 17, 2025, the Digital Operational Resilience Act (DORA) will require financial entities and their critical information and communication technology (ICT) service providers to comply with enhanced...more

Goodwin

Entry into force of DORA on January 17, 2025: The CSSF will be at the heart of the compliance framework in Luxembourg

Goodwin on

Digital Operational Resilience Act (DORA) aims to harmonize provisions related to cybersecurity and information and communication technology (ICT) risk management in the financial sector. Its scope covers nearly all entities...more

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