Make sure that you are ready in time for DORA

DORA in a nutshell

The Digital Operational Resilience Act (DORA) for the financial sector is EU legislation that went into force on January 16, 2023. Its purpose is to strengthen the resilience of EU financial entities and reduce their vulnerability to ICT risks like IT failures and cyberattacks. DORA tackles such issues by introducing standard security requirements for Information & Communication Technology. The regulation applies not only to the financial sector itself but also to many of the ICT service providers in this sector.

Operative implementation of requirements

The requirements to be implemented relate to different divisions and therefore involve different organizational units and positions within the company. The main units concerned are IT, information security management, business continuity management and (central) outsourcing management. The directive stipulates implementation on four main areas:

The following chapters define non-mandatory requirements or requirements for the supervisory authorities.

Why Eraneos to help you with your DORA implementation

Implementing DORA is essential for financial institutions to ensure compliance and security. Eraneos is the ideal partner due to our 30 years of experience in the field, as well as market research, benchmarking, and extensive best practices. We operate independently, providing unbiased advice tailored to your needs. With deep expertise in the financial market, particularly in pensions, banking, and insurance, Eraneos offers unparalleled market knowledge and understanding of industry challenges.

We excels in supervising large IT-related transformations and outsourcing projects, providing comprehensive support for IT policies, DORA, risk policies, security, governance, and compliance. As a Great Place to Work focused on social responsibility, Eraneos fosters a motivated and dedicated team. Our global presence, with sister organizations in Switzerland, Germany, and Spain, combines international insights with local expertise. Partnering with Eraneos means leveraging our extensive experience, independence, and commitment to excellence in the financial sector, ensuring a successful DORA implementation.