Resilience testing mandates are regulatory requirements for organizations to assess and strengthen their ability to withstand disruptions. These directives compel entities, particularly those in critical financial infrastructure, to conduct rigorous simulations and analyses of their operational robustness against various adverse events. The objective is to identify vulnerabilities, evaluate recovery capabilities, and ensure the continuous delivery of essential services during stress conditions or cyberattacks. For digital asset platforms, this includes testing against network outages, security breaches, and extreme market volatility.
Context
The increasing interconnectedness and systemic importance of digital asset markets have led to growing calls for resilience testing mandates from financial regulators. These mandates aim to protect market stability and consumer funds by ensuring that crypto exchanges, custodians, and DeFi protocols can recover swiftly from disruptions. News often highlights regulatory proposals and industry efforts to implement comprehensive testing frameworks to enhance the overall stability of the digital asset ecosystem.
DORA's full application mandates a systemic overhaul of ICT risk frameworks for all EU financial entities, shifting compliance from process to demonstrable operational resilience.
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