What is DORA? 

The Digital Operational Resilience Act (DORA) is a regulation introduced by the European Union to elevate the digital operational resilience of financial services. This act mandates that financial entities and their critical information and communication technology (ICT) third-party service providers comply with stringent requirements to manage and mitigate ICT risks. By enforcing these standards, DORA aims to ensure that financial entities can continue to operate even in the event of systemic cyberattacks, thereby protecting the stability of the financial system. DORA reflects the EU's commitment to safeguarding its financial infrastructure and enhancing the resilience of financial entities. 

To comply with DORA, financial entities must address five core areas that support digital operational resilience. These requirements help organizations withstand ICT disruptions, protect critical services, and contribute to a more secure financial ecosystem. Detailed explanation of each area can be found in our whitepaper 

What you need to know

Understand your obligations: 

Familiarize yourself with the specific requirements for your financial entity and ensure compliance with DORA's stringent standards. 

Invest in resilience: 

Prioritize investment in ICT risk management and resilience measures to not only meet regulatory requirements but also enhance the stability and trustworthiness of your service. 

Stay informed: 

Keep up-to-date with the latest developments in digital operational resilience regulations and best practices to maintain compliance and protect your business from potential threats 

Leverage collaboration: 

Use the information and intelligence sharing provisions of DORA to enhance your cybersecurity posture and contribute to a more resilient financial ecosystem. Use the information and intelligence sharing provisions of DORA to enhance your cybersecurity posture and contribute to a more resilient financial ecosystem. 

DORA is not your endgame: 

It’s a starting point. You will need to develop your cybersecurity over time. 

By adhering to DORA, you not only ensure compliance but also contribute to a more resilient financial environment, fostering trust and stability for all stakeholders. 

European cybersecurity regulation and compliance

European cybersecurity regulation and compliance

The comprehensive whitepaper provides an overview of the latest European cybersecurity regulations, including DORA, NIS2, CRA, and CER. It describes what each of these laws consists of and discusses the consequences of non-compliance, helping organizations understand their obligations and prepare for upcoming legislation. This whitepaper was created by Nixu, a DNV company. DNV, Nixu, and Applied Risk joined forces to form DNV Cyber in 2024, creating one of Europe’s fastest growing cybersecurity services businesses.

Navigating DORA can feel overwhelming—especially when you're unsure how the regulation applies to your business or what capabilities you need to meet its demands. Many financial entities face challenges like fragmented risk management, limited incident response readiness, and a lack of continuous compliance monitoring.Our experts work with you to identify gaps, build or enhance the right capabilities, and turn compliance into a driver of resilience and competitive advantage.

Expert guidance for DORA compliance  

We provide expert guidance to help you navigate the complexities of DORA. Our deep understanding of DORA's requirements, combined with our proficiency in implementing, developing, and testing financial services compliant with the latest standards, ensures that your operations not only achieve compliance but also exhibit resilience and security. We equip you with the capabilitiessuch as risk management, incident response, and continuous compliance monitoring—needed to meet DORA’s demands. We support you in turning  regulatory pressure into a strategic advantage, protecting your business and reinforcing trust with stakeholders. By partnering with us, you can confidently bring secure, compliant, and competitive financial services to the EU market. 

 

Increasing trust in your financial service providers is crucial for continued success in the EU market. To comply with the Digital Operational Resilience Act (DORA), it's essential to have a structured approach and to embed resilience throughout your operations. This means starting with robust ICT risk management, conducting thorough incident reporting, and maintaining effective resilience testing practices.

  • Peter Hellström
  • Head of Cybersecurity Management Consulting
  • DNV Cyber