Preparing for the EU Digital Operational Resilience Act with FileCloud

In January 2023, the EU Digital Operational Resilience Act (DORA) was enacted by the EU. Financial institutions and their third-party ICT providers have until the end of 2024 to achieve full compliance with this formidable legislation.
DORA creates uniformity throughout the single market in relation to regulatory measures to ensure ICT resilience in the financial sector. It also aims to:

Protect the overall European financial system from problems or even collapse by ensuring business continuity in the event of outages and cyber-attacks.
Prevent competition distortion in the financial sector throughout the EU.
Safeguard the data privacy and integrity of customers of EU financial institutions.
Consolidate previous fragmented regulations that relate to digital operational resiliency into one robust legal instrument.

In this white paper, we examine the background of DORA. We also outline the areas identified as the five pillars of DORA by leading financial consultancies. Finally, we describe the features in FileCloud’s hyper-secure enterprise file-sharing and sync (EFSS) solution that can assist organizations as they implement measures to secure their DORA readiness by the end of 2024.
To discover the five pillars of DORA, as well as the aspects of these pillars that FileCloud can help organizations adhere to seamlessly, download our white paper.

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