DORA Compliance

What is the DORA Regulation?

The Digital Operational Resilience Act (DORA) is an EU regulation designed to strengthen the resilience of financial institutions against digital risks. The comprehensive framework incorporates managing and mitigating operational risks by setting requirements for cyber security, incident reporting, risk management and third-party service oversight.

The law will go into effect on 17 January 2025. Are you ready?

Risk Crew provides expert guidance to support organisations in achieving compliance.

The 5 Pillars of DORA

The essence of DORA is divided into 5 core pillars that address various aspects or domains within information and
communications technology (ICT) and cyber security, providing a comprehensive digital resiliency framework for the relevant entities.
The pillars are summarised as follows:

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ICT Risk Management

A documented ICT risk management framework must be established which enables financial entities to quickly mitigate ICT risks.

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ICT-related Incident Reporting

Early notification systems must be in place to detect, report and mitigate incidents efficiently.

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Digital Operational Resilience Testing

A testing programme should be established appropriate to the business risk profile. This may include penetration and Red Team testing based on the organisation’s risk level.

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ICT Third-Party Risk Management

A high level of managing ICT third-party service provider risk is required. Providers with critical or important functions must be identified and mapped to dependencies.

Information Sharing

DORA encourages trusted financial entities to elevate awareness of ICT-related risks by sharing threat intelligence.

Risk Crew’s Step-by-Step Process to Get You Compliant

Achieve and maintain compliance through with Risk Crew cost-effective compliance service:

Risk Crew will assess your current ICT risk management and resiliency framework controls against those established in the 5 pillars of the regulation to identify the current compliance ‘gaps’ and then generate a comprehensive report of our findings and recommendations. 

 The Roadmap will cite specific actions required for compliance, proposed action owners, target completion dates and estimated budget requirements.

 Upon completion of the roadmap, a half-day workshop for key business stakeholders will be conducted to ensure their understanding of the remedial actions needed for compliance and the estimated resources and timeline required.  

Risk Crew consultants provide ongoing support throughout remediation to ensure all questions are answered and eliminate surprises. You receive the assistance you need to gain compliance.

We Don’t Sell Products, We Sell Results.

✓ Competitive and Transparent Pricing

Our service comes with fixed pricing with no unexpected added costs. Additionally, we offer a managed service to conduct penetration testing on a continual basis.

✓ Flexible Delivery

This service can be delivered on-site or remotely using cutting-edge technology to maintain the security of our communications. Whichever method you opt for, quality service and hands-on expertise are provided.

✓ On-going Support

Risk Crew helps you maintain compliance with a variety of support services including risk assessments, security testing and staff awareness training.

✓ 100% Satisfaction Guarantee

We think deeply, question assumptions, detect cause and effect and deliver measurable results. No one else does that. Our deliverables produce metrics you can use to monitor and manage real-world cyber risks.

Experienced and Accredited DORA Consultants

What Our Compliance Clients Say

“We weren’t receiving results we needed from our security awareness programme until we added in training workshops. It has reduced our security risk by creating end-user awareness of critical & current security threats such as social engineering. Risk Crew made it easy to tailor the quiz to meet our specific training goals.”

Information Technology Officer | Insurance Industry

“If you are looking for an engaging cyber security training platform, then look no further. I can set up my whole year of security training in a day or two. Tracking results was straightforward to help us measure our strengths and weaknesses within our staff.”

HR Director | Finance Industry

“One of the benefits that I liked was the fact that I did not have to make any changes to my current environment to get the platform up and running. Everything is hosted on a cloud platform For us, it was really important that the solution catered for more than just phishing.”

Chief Information Officer | Logistics Industry

Strengthen Your Operational Defences

Contact a Crew member to learn how we can streamline your DORA compliance.

Get the Answers to Your DORA Questions

Who does the Digital Operational Resilience apply to?

DORA applies to financial institutions conducting operations in the EU. See the complete list of entities and ICT third-party providers within the scope in our blog post.

Are there penalties for DORA non-compliance?

Entities subject to DORA that fail to comply may face penalty payments of up to 1% of their average daily global turnover from the previous business year.

Why is DORA legislation crucial for cyber security?

The EU has acknowledged the growing number of cyber-attacks on the financial sector. DORA was introduced to help organisations reduce the risks and impacts of threats on Information and Communication Technology (ICT).

Can DORA compliance requirements be mapped to ISO 27001?

Most of ISO 27001 controls will cover the requirements but not all. Conducting a mapping exercise with your existing controls will confirm any gaps.

DORA Regulation Resources

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