Drive business resilience through DORA compliance
DORA Consultancy.
Transform your operational resilience into a strategic business asset with our DORA Consultancy Service. By identifying and mitigating ICT risks, enhancing third-party oversight, and strengthening incident response, we help safeguard your firm’s reputation, reduce operational disruption, and build investor and client confidence.
What Is DORA?
The Digital Operational Resilience Act (DORA) is an EU regulation designed to strengthen the operational resilience of financial institutions against ICT-related disruptions. It mandates comprehensive measures in areas such as ICT risk management, incident reporting, resilience testing, and third-party oversight. While DORA is an EU regulation, it impacts UK firms that operate in the EU financial sector or provide ICT services to EU financial entities.
Why it matters for your firm.
Regulatory Compliance
DORA applies to UK financial firms with EU operations or clients. Non-compliance could lead to significant penalties and reputational damage.
Enhanced Operational Resilience
Implementing DORA’s requirements strengthens your firm’s ability to withstand and recover from ICT disruptions, ensuring continuity of critical services.
Third-Party Risk Management
DORA mandates stringent oversight of third-party ICT providers, ensuring they meet specified security and resilience standards.
Strategic Advantage
Proactively aligning with DORA not only ensures compliance but also positions your firm as a leader in digital operational resilience within the financial sector.
Key features of our service.
DORA Gap Analysis
Assess your current ICT risk management framework against DORA’s requirements to identify compliance gaps and areas for improvement.
Governance and Risk Management Framework Development
Establish or enhance your governance structures and ICT risk management processes to align with DORA’s mandates.
Incident Management and Reporting Procedures
Develop and implement procedures for classifying, managing, and reporting significant ICT-related incidents to relevant authorities.
Resilience Testing and Scenario Analysis
Conduct regular testing of your ICT systems to evaluate their ability to withstand and recover from various disruption scenarios.
Third-Party ICT Provider Oversight
Implement processes to assess and monitor the resilience of critical third-party ICT providers, ensuring compliance with DORA’s standards.
Training and Awareness Programs
Provide tailored training sessions for staff and management to ensure a clear understanding of DORA’s requirements and their roles in compliance.
Outcome for your firm.
Achieving DORA compliance enhances your firm’s operational resilience, mitigates ICT-related risks, and ensures regulatory adherence. Our consultancy services provide a structured approach to meeting DORA’s requirements, positioning your firm for long-term success in the evolving digital landscape.
Ready to strengthen your digital operational resilience?
Contact us today to schedule your DORA Consultancy Service and take the first step towards compliance and enhanced operational resilience.
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