Unveiling the Magic of
Dora
Digital Operational Resilience Act
Unveiling the Digital Shield
The Digital Operational
Resilience Act (DORA) is a
regulation from the European
Union designed to ensure the
operational resilience of
digital services in the
financial sector.
Why We Need DORA?
Why DORA is Essential:
Cyber Threats: Rising cyber-attacks on financial systems.
Operational Continuity: Ensures financial services remain
functional during disruptions.
Standardization: Harmonizes ICT risk management across
the EU.
Who Must Follow DORA?
Banks
Insurance Companies
Investment Firms
Payment Service Providers
Crypto-Asset Service Providers
If you’re
part of the
EU financial
sector, DORA
applies to
you!
When DORA Applies
DORA applies continuously
from its enforcement
date, covering daily
operations, system
changes, and during any
cyber security incidents.
What Does DORA Protect?
Information
Covered
Customer Data
Operational
Data
ICT Systems. a rd s al l
sa fe gu
Cybersecurity DORA d at a a n d
Data critical ital for
sy ste m s v
s ta bility .
fina n cia l
DORA's Specific Coverage Areas
Coverage Are
as:
ICT Systems a
nd
Networks
Data Manageme
nt
Cybersecurity
Measures
Third-Party
Management
Incident Respon
se
DORA covers all aspects of your digital operations,
ensuring comprehensive protection and resilience.
Implementing DORA: A
Step-by-Step Guide
Implementation
Steps:
Assessment
Planning
Training
Execution
Monitoring
Review
Reporting Incidents Under DORA
DORA mandates
timely reporting
of major ICT-
related incidents,
including the
nature, impact,
and measures
taken to resolve
them.
Testing for Resilience
DORA
requires
regular
testing of
ICT
systems
to ensure
they can
withstand
and
recover
from
disruptions
.
Handling Third-Party Risks
DORA requires financial
entities to ensure that
their third-party
service providers
comply with ICT risk
management and
resilience standards.
Getting Ready for DORA Compliance
Preparation Steps:
Assess Current
Practices
Implement Required
Changes
Train Staff
Engage Third
Parties
Preparation is the key to ensuring seamless
compliance with DORA and safeguarding
your organization against digital threats.
Thank You for Joining Our Magical Journey!
For more FOLLOW US ON
details,
guidance, and
resources on
DORA
compliance,
reach out to
us.
