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DORA: Financial entities enter the twilight zone between financial services regulation and cybersecurity

Government building, palace and flag, Stockholm, Sweden
Sweden’s government building. Photo: Anna Lu Lundholm/WireImage

Philip Heilbrunn | Eversheds Sutherland, Sara Malmgren | Eversheds Sutherland, Mattias Dacker | Eversheds Sutherland+1

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Overview of the new regulation on digital operational resilience (DORA) for the financial sector in Sweden and other EU countries.

Regulation (EU) 2022/2554 on digital operational resilience for the financial sector, known as the Digital Operational Resilience Act (DORA) came into effect on January 16, 2023, and marks the EU’s most comprehensive framework on operational resilience and cybersecurity within the financial sector.

Companies affected by DORA now have until the beginning of 2025

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