DORA and Its Impact on Data Sovereignty

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DORA and Its Impact on Data Sovereignty:
A Cloud Smart Approach

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What is DORA ?

DORA, or the Digital Operational Resilience Act, is a new piece of legislation that will come into force in the EU in 2024. [{ "selector": ".gkwzm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-334px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".xgrai-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

It is designed to improve the operational resilience of the financial sector against cyber threats. [{ "selector": ".szbdq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

One of the key requirements of DORA is that financial institutions must have control over their data. [{ "selector": ".mddjq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "rotate(-580deg) scale(0.1)", "opacity": "1"}, {"offset": 1, "transform": "rotate(0deg) scale(1)", "opacity": "1"} ] }]

The impact of DORA on data sovereignty

DORA is likely to have a significant impact on data sovereignty in the EU. [{ "selector": ".tzejm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-334px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".zsmbq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 26px))", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

This is because it will require financial institutions to take greater control over their data and to ensure that it is stored and processed in a compliant way.

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DORA and Its Impact on Data Sovereignty