The European Union's Digital Operational Resilience Act (DORA) has officially taken effect, imposing new cybersecurity requirements on financial firms. The deadline for fintech companies to ensure compliance with the new standards was January 17, 2025. Under DORA, financial institutions face potential fines for non-compliance, and strict enforcement is anticipated. The regulation aims to fortify the financial sector against cyber threats, mandating that firms enhance their operational resilience. Experts emphasize the importance of compliance to avoid penalties and mitigate risks associated with data breaches and cyberattacks.