Jonathan Armstrong
FRAUD DETECTION
Jonathan Armstrong
Partner Punter Southall Law
DORA IS A REGULATORY FRAMEWORK DESIGNED TO STRENGTHEN THE RESILIENCE OF THE FINANCIAL SECTOR AGAINST DIGITAL DISRUPTIONS
Jonathan Armstrong
Jonathan Armstrong , Partner at Punter Southall Law , gives his insight into what finserv companies should expect now the EU DORA regulation has been passed , on 17 January 2024 .
Jonathan is an expert in cyber security and compliance and technology law . DORA is a regulatory framework designed to strengthen the resilience of the financial sector against digital disruptions . It applies to banks , insurers , investment firms and other financial institutions , as well as to key third-party service providers .
At its core is the recognition that financial systems across the EU are part of each country ’ s critical national infrastructure . Many financial services organisations rely on a few key services providers , meaning that an incident compromising one of those providers could have a significant effect on financial services across the EU .
While DORA is an EU measure , operational resilience is high on the agenda for UK financial firms too , with operational resilience requirements introduced in 2022 coming into full effect in March 2025 . DORA had caused concern in the financial services , tech and cyber security communities so it was important for businesses to fully understand their responsibilities .
48 February 2025