Getting DORA compliant
The impact of the Digital Operational Resilience Act (DORA)
Banks, insurance companies, investment firms, and ICT service providers are preparing for one of the strictest resiliency regulations ever to hit the already heavily regulated sector. On January 17, 2025, any financial entity or information communication technology (ICT) operating in the European Union must comply with the Digital Operational Resilience Act (DORA). That means more than 22,000 organizations around the world will need to develop and implement a comprehensive operational resilience framework or face fines for non-compliance, increased regulatory scrutiny, and potential criminal liability.
What does DORA compliance require?
The DORA was written to ensure that ICT organizations and financial entities in the EU can stay resilient in the event of severe operational disruptions – ranging from technology failures to cyberattacks. Complying with the Digital Operational Resilience Act requires comprehensive testing and monitoring to ensure your organization’s preparedness for these disruptions and disasters, which can be complex and costly to do – particularly within the established deadline.
Hammer streamlines the complexity of DORA compliance, helping you to ensure adherence to DORA security requirements and mitigate risks with automated testing and monitoring solutions that empower financial entities and ICT service providers to:
- Identify, assess, and manage ICT risks with a comprehensive view of threats and vulnerabilities in their ICT environments.
- Report major ICT-related incidents to the relevant DORA authorities with real-time monitoring and alerting capabilities.
- Maintain robust operational resiliency and redundancy with comprehensive end-to-end performance and quality assurance testing.
- Manage vulnerabilities associated with outsourced ICT-related services by providing visibility into the third party’s ICT environment and security posture.
Industry Perspective on DORA
22,000 organizations will need to comply with DORA by 2025
Give your team the essentials they need to start developing a DORA compliant operational resilience framework today.