DORA: The New Benchmark for Institutional Digital Resilience
The Digital Operational Resilience Act (DORA) is a flagship European initiative designed to ensure that the financial sector can withstand, respond to, and recover from all types of ICT-related disruptions and threats. For institutions deploying DLT and RWA solutions, DORA compliance is an absolute prerequisite.
The Five Pillars of DORA
DORA consolidates and streamlines ICT risk management rules across the EU financial sector, focusing on five key areas:
1. ICT Risk Management
Setting out comprehensive internal governance and control frameworks to manage ICT risk effectively.
2. Incident Reporting
Harmonizing the classification and reporting of major ICT-related incidents to competent authorities.
Smart contract vulnerabilities and node-level failures are classified as significant ICT incidents under DORA. See our Technical Architecture Guide for mitigation strategies.
3. Digital Operational Resilience Testing
Mandating regular testing of ICT systems, including Advanced Threat-Led Penetration Testing (TLPT) for core financial entities.
4. ICT Third-Party Risk
Ensuring sound monitoring of risks stemming from reliance on ICT third-party service providers (including blockchain infrastructure providers).
5. Information Sharing
Encouraging institutions to share cyber threat intelligence to enhance the collective resilience of the financial ecosystem.