Today marks the effective date of the Digital Operational Resilience Act (DORA) and with it, additional incident reporting obligations for in-scope financial entities.
With the aim of standardising the incident reporting process for financial entities throughout the EU, from today, in-scope financial entities must report any ‘major ICT-related incidents’ to their relevant competent authority. 1For the majority of financial entities within the scope of DORA in Ireland, this will be the Central Bank of Ireland while for others (such as pensions trustees) it will be the Pensions Authority. These new incident reporting obligations apply in addition to
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