Financial services companies are increasingly vulnerable to operational disruption and data loss due to their dependency on technology, including cloud platforms and business applications. To reduce the associated risks and improve operational resilience of the financial sector, the EU enacted the Digital Operational Resilience Act (DORA).

Recognizing the critical role that certain Information and Communications Technology (ICT) providers play in the operational resilience of financial services, DORA is holding them accountable. The PwC impact assessment of DORA emphasizes the challenges of ICT risk management and contract terms. The shared responsibility model used by cloud service providers can cause unexpected gaps in security, response, and recovery.

At Own, we help address these gaps in security, response, and recovery and enable customers to satisfy DORA’s legislative requirements for their critical SaaS data.