Embracing Digital Resilience: Navigating the Implications of the Digital Operational Resilience Act (DORA)

The Digital Operational Resilience Act (DORA) is a forthcoming EU regulation set to revolutionize digital risk management by 2025, focusing on industries, particularly the financial sector, to enhance resilience against digital threats and vulnerabilities. It emphasizes four key areas: governance and risk management, ICT incident reporting, third-party risk management, and information and intelligence sharing, with a significant focus on digital operational resilience testing. Steadybit, a Chaos Engineering platform, aids organizations in preparing for DORA compliance by enabling resilience testing through fault injection experiments and reliability tests, helping identify and address system vulnerabilities. The regulation is seen not just as a compliance requirement but as an opportunity for organizations to build robust infrastructures capable of withstanding digital disruptions, with industry leaders advocating for early preparation to meet DORA's standards and capitalize on its potential benefits.