Why DORA Matters in UK Finance
DORA exposes weak links in Europe’s financial cyber defenses. When you purchase through links on our site, we may earn an affiliate commission.
What good are cybersecurity standards if there’s no way of telling whether or not those standards have been met? It’s a question that’s plagued regulators on both sides of the Atlantic for decades, and with almost half (43%) of UK businesses reporting a cybersecurity incident in the past 12 months, those standards matter more than ever.
That’s particularly true in areas like finance, where cyberattacks are on the rise and some 61% of UK firms are now scrambling for external information and guidance.
Enter DORA
Enter DORA, or the EU’s Digital Operational Resilience Act (DORA). Years in the making, DORA finally came into effect a bit more than 6 months ago, on January 17, 2025.
Author's summary: DORA improves UK finance cybersecurity.
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