DORA
Digital Operational Resilience Route
DORA
DORA (Digital Operational Resilience Act) is an EU regulation aimed at strengthening the ICT resilience of financial entities. iB49 helps banks, fintechs and financial market participants build DORA-aligned ICT risk management, third-party oversight and incident reporting capabilities.
Who needs DORA?
Financial institutions and ICT third-party providers operating in or serving EU financial entities.
Key benefits
DORA compliance is mandatory for financial entities operating within the EU, standardizing digital resilience and mitigating ICT risks.
Risk
Mandates a robust framework to prevent, detect, manage, and recover from crucial ICT-related incidents quickly.
Harmonize
Establishes uniform digital operational resilience requirements across the diverse European Union financial sector.
Report
Requires standardized, timely, and efficient reporting of significant ICT-related incidents to regulators.
Vendor
Introduces strict oversight for critical third-party ICT service providers (e.g., cloud platforms) and their risk.
Our Approach
We guide your organization through the four most critical elements of DORA to achieve full compliance and strengthen digital operational resilience.
Manage
Implement effective ICT risk management and clear protection and prevention strategies for the entire organization.
Respond
Ensure consistent classification, management, and reporting of all critical ICT security incidents quickly.
Test
Conduct regular and advanced digital operational resilience testing, including threat-led penetration exercises.
Control
Manage and oversee risks related to critical third-party ICT service providers (e.g., cloud platforms).
Final Documentation and Tools
DORA gap report, third-party inventory & risk matrix, incident reporting templates, tabletop exercise materials.
F.A.Q.
DORA is an EU regulation establishing comprehensive and binding technical standards for digital operational resilience in the financial sector.
DORA’s requirements become fully applicable to all affected entities across the European Union starting on January 17, 2025.
It applies to banks, insurance companies, investment firms, crypto-asset providers, and critical third-party ICT providers serving them.
The five pillars cover ICT Risk Management, Incident Handling, Resilience Testing, Third-Party Risk, and Information Sharing frameworks.
Cloud providers are now considered critical third-party ICT providers and face direct oversight from European financial supervisors.