IBM has been officially designated as a critical third-party provider under the European Union’s Digital Operational Resilience Act (DORA). This recognition underscores IBM’s vital role in ensuring operational resilience and cybersecurity for Europe’s financial sector, including banks, insurance firms, and investment companies.
DORA, a landmark EU regulation, is designed to ensure that financial institutions and their critical ICT (Information and Communication Technology) providers can withstand, respond to, and recover from technology disruptions, including cyber incidents and technical failures. IBM’s designation highlights its long-standing expertise in supporting secure, resilient, and compliant digital services for the financial industry.
What IBM’s DORA Designation Means
Being recognized as a critical third-party ICT provider places IBM under the supervision of European Supervisory Authorities (EBA, EIOPA, ESMA). This ensures that IBM adheres to stringent operational and technical resilience standards, which are essential for the stability of Europe’s financial ecosystem.
Key implications include:
- Strengthened Operational Resilience: IBM will implement rigorous measures to safeguard its infrastructure and services against disruptions.
- Support for Clients’ Compliance: IBM will guide financial institutions in meeting their own DORA obligations while maintaining competitiveness.
- Collaboration with Regulators: IBM will work closely with EU supervisory authorities to enhance transparency and regulatory alignment.
- Investment in Security: Continuous enhancements to cybersecurity, risk management, and governance practices ensure that digital services remain secure and resilient.
This designation reaffirms IBM’s commitment to trust, stability, and regulatory compliance, enabling clients to navigate evolving EU standards with confidence.
Official Source
Source: IBM Press Release
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Disclaimer
This article is based on an official IBM press release. All trademarks, company names, and statements are the property of their respective owners. The content is intended for informational purposes only and does not constitute professional, financial, or legal advice.
