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ARTICLE · 08 AUGUST 2025

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The Digital Operational Resilience Act (DORA) – How Will It Impact Canadian Businesses?

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In effect across the EU since January 17, 2025, the Digital Operational Resilience Act ("DORA") aims to enhance the digital resilience of financial entities to withstand and respond to ICT-related disruptions.

CanadaPrivacy
Julie Uzan-Naulin
Julie Uzan-Naulin
Nareg Froundjian
Nareg Froundjian
Kayla Lafrenière
Kayla Lafrenière
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DORA at a Glance

In effect across the EU since January 17, 2025, the Digital Operational Resilience Act ("DORA") aims to enhance the digital resilience of financial entities to withstand and respond to ICT-related disruptions. This regulation reflects a global shift towards proactive measures to ensure the availability of increasingly digitized financial systems.

DORA is based on five pillars of compliance: (i) ICT Risk Management, (ii) Cyber Incident Reporting and Response, (iii) Operational Resilience Testing, (iv) Third-Party Risk Management and (v) Information Sharing. Each of these pillars plays a role in strengthening and maintaining the resilience of the EU's financial infrastructure. DORA's focus on reporting and responding to incidents emphasizes the importance of implementing such strong mechanisms with regard to ICT-related incidents.

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