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The financial sector has witnessed an increasing reliance on digital infrastructure, not only as an opportunity but also as a big threat to cybersecurity. Cyberattacks, system failures, and third-party vulnerabilities can lead to severe disruptions, financial losses, and reputational damage. Over these issues, the European Union proposed the DORA Compliance, or Digital Operational Resilience Act, to boost the security and resilience of IT in financial institutions.

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