Our AI-powered platform seamlessly guides you through every step of DORA regulation preparation. It manages the intricate details so you can focus on your core business priorities. From risk management to operational resilience, we help you achieve DORA compliance faster and stay ahead of the competition.
You're not alone – most CTOs face the same struggle. With time running out, CTOs are scrambling to build a resilient DORA strategy. Our platform can help you take control and ensure you're fully prepared.
Our AI communication engine conducts proactive 1-on-1 interviews with your entire organization, questioning, assessing, and collecting evidence-based data for DORA risk assessments.
Our AI-powered platform helps build a comprehensive risk management framework, covering identification, protection, prevention, detection, and recovery. This ensures your organization is well-prepared for ICT-related risks at the individual employee level.
Streamline your third-party risk management with pre-contract assessment tools and detailed guidelines, ensuring effective oversight throughout the entire lifecycle of your ICT contracts. From initial assessment to contract termination, we help you stay aligned with DORA’s standards.
Our platform automatically performs comprehensive technical testing, including independent threat-led tests, to ensure your systems meet DORA’s resilience standards. Ensuring compliance with the required three-year testing cycle and full security coverage 24/7.
Our platform standardizes incident classification and automates reporting, ensuring prompt, DORA-compliant reports in line with EU standards, while maintaining required anonymity.
Our platform helps you stay ahead of evolving cyber threats by constantly monitoring your team, ingesting data from multiple sources, providing up-to-date intelligence and management guidelines. With Cyberupgrade, achieve Dora compliance faster while avoiding paper-based compliance altogether.
Our AI communication engine conducts proactive 1-on-1 interviews with your entire organization, questioning, assessing, and collecting evidence-based data for DORA risk assessments.
Our platform automatically performs comprehensive technical testing, including independent threat-led tests, to ensure your systems meet DORA’s resilience standards. Ensuring compliance with the required three-year testing cycle and full security coverage 24/7.
Our AI-powered platform helps build a comprehensive risk management framework, covering identification, protection, prevention, detection, and recovery. This ensures your organization is well-prepared for ICT-related risks at the individual employee level.
Our platform standardizes incident classification and automates reporting, ensuring prompt, DORA-compliant reports in line with EU standards, while maintaining required anonymity.
Streamline your third-party risk management with pre-contract assessment tools and detailed guidelines, ensuring effective oversight throughout the entire lifecycle of your ICT contracts. From initial assessment to contract termination, we help you stay aligned with DORA’s standards.
Our platform helps you stay ahead of evolving cyber threats by constantly monitoring your team, ingesting data from multiple sources, providing up-to-date intelligence and management guidelines. With Cyberupgrade, achieve Dora compliance faster while avoiding paper-based compliance altogether.
The Digital Operational Resilience Act (DORA) is a regulation adopted by the European Union to enhance the digital operational resilience of financial institutions. It aims to ensure that these institutions can withstand, respond to, and recover from all types of Information and Communication Technology (ICT) disruptions and threats.
Starting January 17, 2025, all in-scope financial entities must fully adhere to the regulations set out in DORA.
Ensures efficient security
DORA requires financial institutions to strengthen their cybersecurity practices, reducing the risk of cyberattacks, data breaches, and operational disruptions. This leads to a more resilient financial system that can better withstand and recover from digital threats.
Standardization Across the EU
DORA establishes a harmonized regulatory framework across the European Union, ensuring that all financial entities, regardless of size or location, adhere to the same standards. This reduces fragmentation and creates a more consistent and predictable regulatory environment for financial services.
Improved Incident Response and Reporting
With DORA, entities must implement robust incident response plans and improve their ability to detect, report, and recover from ICT-related incidents. This ensures quicker responses to disruptions, minimizing the impact on operations and customers.
Stronger Management of Third-Party Risks
DORA imposes stringent requirements on how financial entities manage and monitor third-party ICT service providers. This reduces the risks associated with outsourcing and ensures that third-party vendors adhere to the same high standards of operational resilience, protecting the financial ecosystem as a whole.
The Digital Operational Resilience Act applies to a wide range of entities within the financial sector. Here are some of the key types of entities affected by DORA:
Credit Institutions
Investment Firms
Insurance Undertakings
Reinsurance Undertakings
Payment Institutions
Electronic Money Institutions
Central Securities Depositories
Crypto-Asset Service Providers
Central Counterparties
Trade Repositories
Investment Fund Managers
Non-compliance with DORA carries significant risks for financial entities and their leadership. The following outlines the potential consequences, emphasizing the critical importance of adhering to these regulations.
The potential ramifications include:
Entities can face substantial fines, potentially a significant percentage of their global turnover, impacting financial stability.
Management members may be personally liable, facing fines, disqualifications, and other sanctions for governance failures.
Non-compliance can result in loss of customer trust, investor confidence, and long-term damage to brand value and professional reputations.
Regulators may impose restrictions, suspend activities, or require additional oversight, leading to business disruptions and competitive disadvantages.
Non-compliant entities may face increased audits and ongoing regulatory scrutiny, adding to compliance costs and operational challenges.
