The Implications of DORA Starting Today: Opportunities for Integrated Risk Management to Drive Resilience

DORAOperational Risk ManagementTechnology Risk Management
Written By Ori Wellington

Today, January 17, 2025, marks a turning point for the European financial sector as the Digital Operational Resilience Act (DORA) officially takes effect. This comprehensive EU regulation introduces a harmonized framework for managing ICT risks, requiring financial institutions and their ICT third-party service providers (TPSPs) to meet stringent requirements for governance, incident reporting, and resilience. This article explores the implications of DORA, highlights the four key objectives of IRM, and provides guidance for financial institutions as they navigate this new regulatory environment. For further insights, visit wheelhouseadvisors.com.

Ori Wellington

Orion "Ori" Wellington is an integral part of the Wheelhouse Advisors team, bringing extensive expertise in risk management and technology. With a background that includes roles such as Risk Analyst, Information Security Specialist, and IT Project Manager, Ori contributes to helping organizations navigate complex risk and technology challenges.

At Wheelhouse Advisors, Ori focuses on supporting clients in the ever-changing landscape of risk management. This well-rounded experience enhances the success of both clients and the company. Committed to continuous learning, Ori is a valued member of the Wheelhouse Advisors team.

https://wheelhouseadvisors.com
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