The clock is ticking on a piece of legislation that will profoundly affect the financial services sector. There are now just six months until the EU’s Digital Operational Resilience Act (DORA) comes into full effect on January 17, 2025. DORA, as its name would suggest, is aimed at bolstering operational resilience within the finance sector and shoring up security across its many moving parts, including IT vendors. Much is at stake. Banks, funds and credit unions will soon have to meet higher standards on cybersecurity and data protection or they will face a gruelling enforcement regime and hefty fines. The…

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