DORA: Stress Tests and Contingency Plans for the Financial System
Validated facts
The Digital Operational Resilience Act (DORA) obliges banks, insurers, and FinTechs to end-to-end ICT third-party risk management and regular threat-led penetration testing.
In plain language
The emergency drill for bank servers: Banks must prove that ATMs and online banking keep running even if a major cloud provider fails.
Security relevance & practical tip
Protects savings and cashless payments from systemic cyber blackouts.