Definition of DORA
The Digital Operational Resilience Act (DORA) is a regulation by the European Union (EU) aimed at
strengthening the digital resilience of financial institutions.
It establishes a regulatory framework for managing information and communication technology (ICT)
risks in the financial sector.
Key Objectives of DORA
Ensures that financial institutions can withstand, respond to, and recover from cyber threats and ICT-
related disruptions.
Introduces standards for risk management, incident reporting, and third-party ICT risk oversight.
Why Other Answers Are Incorrect
Option
Explanation
A . Domain for Operational Risk
Act.
Incorrect – No such regulation exists under this name.
B . Digital Operational Risk Act.
Incorrect – The official name is Digital Operational Resilience Act
(DORA).
C . Daily Operational Resilience
Act.
Incorrect – DORA is not focused on daily operations but rather long-
term digital resilience.
PRMIA Reference for Verification
PRMIA Risk Governance & Digital Resilience Standards
European Commission’s Official DORA Regulation
