Menu

Digital Operational Resilience Act

The Digital Operational Resilience Act (DORA) is a key regulation within the EU’s broader Digital Finance Agenda, aiming to ensure that financial entities and other critical service providers can withstand, respond to, and recover from disruptions in their digital operations. As businesses increasingly rely on digital technologies, the need for a robust framework to safeguard against operational risks is more critical than ever. DORA establishes comprehensive requirements for managing ICT (Information and Communication Technology) risks, covering areas such as governance, incident reporting, resilience testing, and third-party service provider oversight.

At Formentor, we understand the complexity of DORA’s requirements and are here to help you navigate its demands. Our services provide tailored support for organisations looking to meet DORA compliance standards, enhance their operational resilience, and minimise digital risks. Whether you’re looking for risk assessments, resilience testing, or assistance with third-party risk management, our team is ready to guide you through every step of the process to ensure you stay compliant and secure in a rapidly evolving digital landscape.

Free Assessment

What our DORA service includes:

  • DORA Compliance Readiness Assessment: A review of your current operational resilience practices to identify areas that align with DORA requirements and highlight any gaps that need addressing.
  • ICT Risk Management Framework: Guidance on establishing or refining your risk management framework to address digital and ICT risks in line with DORA’s standards.
  • Business Continuity and Incident Response Planning: Support in developing or enhancing your business continuity plans, ensuring they meet the incident response and recovery requirements of DORA.
  • Resilience Testing and Stress Testing Guidance: Assistance with planning and executing ICT resilience testing, including stress tests to identify potential weaknesses and improve operational robustness.
  • Third-Party Risk Management: Help in reviewing and strengthening your management processes for third-party service providers, ensuring compliance with DORA’s requirements for outsourcing and dependency risks.
  • Policy and Procedure Development: Assistance in drafting or updating internal policies and procedures that address the regulatory requirements of DORA, including data management and risk mitigation.
  • Incident Reporting and Documentation Support: Support with understanding and setting up the systems necessary for timely incident reporting, aligned with DORA’s specifications for transparency and communication.
  • Ongoing Compliance Monitoring: Assistance with setting up a monitoring framework to ensure that your operations remain resilient and compliant with DORA over time.
  • DORA Compliance Readiness Assessment: A review of your current operational resilience practices to identify areas that align with DORA requirements and highlight any gaps that need addressing.
  • ICT Risk Management Framework: Guidance on establishing or refining your risk management framework to address digital and ICT risks in line with DORA’s standards.
  • Business Continuity and Incident Response Planning: Support in developing or enhancing your business continuity plans, ensuring they meet the incident response and recovery requirements of DORA.
  • Resilience Testing and Stress Testing Guidance: Assistance with planning and executing ICT resilience testing, including stress tests to identify potential weaknesses and improve operational robustness.
  • Third-Party Risk Management: Help in reviewing and strengthening your management processes for third-party service providers, ensuring compliance with DORA’s requirements for outsourcing and dependency risks.
  • Policy and Procedure Development: Assistance in drafting or updating internal policies and procedures that address the regulatory requirements of DORA, including data management and risk mitigation.
  • Incident Reporting and Documentation Support: Support with understanding and setting up the systems necessary for timely incident reporting, aligned with DORA’s specifications for transparency and communication.
  • Ongoing Compliance Monitoring: Assistance with setting up a monitoring framework to ensure that your operations remain resilient and compliant with DORA over time.

Achieving and maintaining compliance with the Digital Operational Resilience Act can be complex, but with the right support, it becomes a manageable and beneficial process. Our team is here to help you implement the necessary measures to enhance your digital resilience, ensuring your business can navigate operational disruptions with confidence. Whether you’re just starting your DORA compliance journey or need assistance with ongoing monitoring and adjustments, we are committed to helping you stay secure and resilient in an increasingly digital world.

Contact Us

Free Assessment

Not sure where to start? Our Free Digital Operational Resilience Assessment offers a quick and easy way to evaluate your current alignment with the requirements of the Digital Operational Resilience Act. By answering a series of focused questions, you’ll receive a readiness score, a summary of your current status, tailored consultant notes, and a practical action plan template to guide your next steps.

Take the Assessment!

Formentor Logo (extract 8)