DORA Compliance

The Digital Operational Resilience Act (DORA) is an EU regulation that came into force on 16 January 2023, and will apply as of 17 January 2025.

Its aim is to strengthen the IT security of financial entities, such as banks, insurance companies and investment firms — to make sure the European financial sector can stay resilient in the face of any severe operational disruption.

DORA brings harmonisation of the rules relating to operational resilience for the financial sector applying to 20 different types of financial entities and ICT third-party service providers.

So, are you compliant? If you’re unsure, we can help. 
DORA Compliance

What does DORA cover?

  • ICT risk management: Principles and requirements on ICT risk management framework
  • ICT third-party risk management: 
    Monitoring third-party risk providers and key contractual provisions
  • Digital operational resilience testing: Both basic and advanced testing
  • ICT-related incidents: Reporting of major ICT-related incidents to competent authorities
  • Information sharing: Exchange of information and intelligence on cyber threats
  • Oversight of critical third-party providers: Oversight framework for critical ICT third-party providers

Our DORA compliance advisory and management services can manage this for you, so you can focus on your core business.

We also have a range of compliance-ready IT products and services, to help you bridge any gaps and tackle any IT risks that may exist in your IT infrastructure and processes, before they become a compliance issue. 

Penta, which operates out of two global financial centres, is the first choice for financial services providers when it comes to IT regulatory compliance.

Speak to one of our consultants today to find out more.

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