DORA requires financial institutions to evaluate and rigorously oversee ICT vendors designated as critical or important to ensure their operational resilience

Quotes that support claims

It establishes a framework for financial entities to maintain robust information and communication technology (ICT) systems and address potential digital vulnerabilities.

Under DORA, financial entities must evaluate their ICT vendors’ criticality and verify that these vendors meet the necessary standards to mitigate risks effectively. This means ensuring that your vendor partners have robust business continuity plans, resilience measures, and appropriate incident response strategies in place. But it doesn’t stop there—you must also confirm that the vendors’ operations are aligned with your own resilience requirements.