1. Information and communication technology (ICT) supports complex systems used for everyday activities of the financial sector. The extended use of ICT systems increases the efficiencies of internal process and the user experience for the customers, however it also introduces risks and vulnerabilities, which may make financial entities expose to cyber-attacks or incidents. If not managed properly, ICT risks could lead to the disruptions of financial services that are often offered across borders and can have far-reaching effects on other companies, sectors, or even the rest of the economy. The risk of such cross-bordaer and cross-sectoral disruptions highlights the importance of digital operational resilience of the financial sector.
2. As a measure to enhance the overall digital operational resilience of the EU financial sector, on 27 December 2022, the Digital Operational Resilience Act (DORA) was published in the Official Journal of the European Union and entered into force on 16 J
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