On 24 September 2020, the European Commission published its draft Digital Operational Resilience Act (“DORA”) which is designed to strengthen the financial sector’s resilience to ICT-related incidents. It introduces specific and prescriptive requirements that are homogenous across EU member states to ensure that all participants of the financial system are subject to a common set of standards to mitigate ICT and cyber risks for their operations.
Our free of charge DORA webinar series dove deep into the requirements of the Digital Operational Resilience Act to discuss what it means for Maltese-based financial service providers through all aspects of the new regulation.
Each of the five sessions discussed different topics including how DORA will enhance ICT incident reporting, facilitate information and intelligence sharing, the impact on ICT risk management as well as how DORA will augment cyber security testing and assessments. Q&A's of the session can be found below.
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