PRMIA 8020 Exam - Topic 2 Question 4 Discussion

Actual exam question for PRMIA's 8020 exam

Question #: 4
Topic #: 2

[All 8020 Questions]

The DORA act's full name is which of the following?

ADomain for Operational Risk Act.

BDigital Operational Risk Act.

CDaily Operational Resilience Act.

DDigital Operational Resilience Act.

Show Suggested Answer

Suggested Answer: D

Definition of DORA

The Digital Operational Resilience Act (DORA) is a regulation by the European Union (EU) aimed at strengthening the digital resilience of financial institutions.

It establishes a regulatory framework for managing information and communication technology (ICT) risks in the financial sector.

Key Objectives of DORA

Ensures that financial institutions can withstand, respond to, and recover from cyber threats and ICT-related disruptions.

Introduces standards for risk management, incident reporting, and third-party ICT risk oversight.

Why Other Answers Are Incorrect

Option

Explanation

A . Domain for Operational Risk Act.

Incorrect -- No such regulation exists under this name.

B . Digital Operational Risk Act.

Incorrect -- The official name is Digital Operational Resilience Act (DORA).

C . Daily Operational Resilience Act.

Incorrect -- DORA is not focused on daily operations but rather long-term digital resilience.

PRMIA Reference for Verification

PRMIA Risk Governance & Digital Resilience Standards

European Commission's Official DORA Regulation

by Catalina at Feb 07, 2025, 10:23 AM

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Herman

3 months ago

Wait, is it really called that? Sounds too long!

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Fausto

3 months ago

100% agree, it's D!

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Malinda

3 months ago

No way, it's the Digital Operational Risk Act!

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Yuette

4 months ago

I thought it was the Daily Operational Resilience Act?

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Carry

4 months ago

It's definitely the Digital Operational Resilience Act.

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Chau

4 months ago

I thought DORA stood for "Domain for Operational Risk," but now I'm questioning if that's even a real act.

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Kiley

4 months ago

I vaguely recall a practice question that mentioned operational risk, but I can't remember if it was specifically about DORA.

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Jarod

4 months ago

I remember studying something about operational resilience, so I feel like it might be option D, "Digital Operational Resilience Act."

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Stefany

5 months ago

I think the DORA act is related to digital operations, but I'm not sure if it's "Digital Operational Risk" or "Digital Operational Resilience."

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Ling

5 months ago

I'm a bit confused by this question. The options all sound pretty technical and similar. I'll have to guess on this one and hope for the best.

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Myra

5 months ago

Okay, let me break this down step-by-step. The key is figuring out what DORA stands for. Digital Operational Resilience Act makes the most sense to me based on the information provided.

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Annabelle

5 months ago

Hmm, I'm not totally sure about this one. I'll have to think it through carefully. The options seem pretty similar, so I'll need to really focus on the key details to get this right.

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Ria

5 months ago

I'm pretty sure the answer is D. The DORA act is related to digital operational resilience, so that seems like the most likely full name.

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Aja

12 months ago

Digital Operational Resilience Act, huh? Sounds like the kind of thing that would keep our tech-savvy grandparents up at night. But hey, I'll go with it!

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Jannette

11 months ago

I agree, that sounds like the most fitting option.

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Alecia

12 months ago

I think it's D) Digital Operational Resilience Act.

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Maryln

12 months ago

I'm not sure, but I think it's C) Daily Operational Resilience Act.

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Denny

1 year ago

Okay, let's see... Daily Operational Resilience Act? That doesn't sound quite right. I'm going with the Digital Operational Resilience Act. Gotta keep up with the times, you know?

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Merilyn

1 year ago

Hmm, I was thinking it was the Domain for Operational Risk Act, but that doesn't really make sense. D it is!

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Marica

11 months ago

D it is then!

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Arlette

11 months ago

Yeah, I'm going with D as well.

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Stevie

11 months ago

I agree, D seems like the most logical choice.

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Casie

11 months ago

I think it's the Digital Operational Risk Act.

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Barrett

1 year ago

I agree with Kiley, D) Digital Operational Resilience Act makes sense.

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Kiley

1 year ago

I think the answer is D) Digital Operational Resilience Act.

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Ashlyn

1 year ago

The DORA act seems like a mouthful, but I bet it's all about making our digital operations more resilient. I'm going with D, Digital Operational Resilience Act.

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