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Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Since the pandemic’s start, the world has continued to demonstrate that disruption is happening and only increasing in frequency and complexity. Currently, TSPs are subject to financial service providers’ requirements via contractual obligations (such as the European Banking Authority’s third-party outsourcing requirements).

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The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

The DORA is an expansion of the groundbreaking operational resilience requirements first set forth by the Bank of England , FCA, and PRA. The digital financial transformation was accelerated largely because of the pandemic and exacerbated many of the cyber threats that previously existed.