Navigating Through the DORA Effect
Episode Summary
DORA is here. The Digital Operational Resilience Act impacts every financial entity, and understanding its implications is crucial.
Driven by escalating cyberattacks, geopolitical instability, and even the increasing impact of climate change, this legislation demands attention. Join us as we unpack DORA's complexities with Charles Adriaenssens, Financial Services Strategist at Splunk, and Adam Avards, Cyber Risk Specialist at UK Finance.
We'll delve into the core of DORA, from its five key pillars and the challenges of third-party risk management, to the regulatory journey toward compliance and what true operational resilience really means. We'll also explore the regulator's perspective, the high costs of non-compliance, and the crucial role of board-level accountability.
In this season premiere, our host, John Dee, Somerford Director of Strategy, guides the conversation, exploring how DORA will fundamentally reshape data safeguarding practices and what financial institutions must do to adapt.