Dennis Müllerschön
Digitalization in the financial sector offers opportunities, but also necessitates companies to set up robust protection for their data and information systems. The EU’s Digital Operational Resilience Act (DORA) sets uniform standards for network and information security to promote cyber resilience in the European financial sector. Financial institutions operating in the EU are facing the major challenge of implementing measures to strengthen cybersecurity by January 17, 2025. Our experts will support you in meeting the DORA requirements.
National Regulatory IT Frameworks
Knowing and Implementing the DORA Regulation
In Germany, the DORA Regulation largely coincides with national regulatory IT frameworks such as MaRisk, BAIT and VAIT, but in some respects it goes beyond – containing much more specific and detailed requirements. The main focus is on the creation of an ICT risk management framework - a system of strategies and tools for identifying, preventing and managing ICT risks in financial organizations. At the same time, companies will also be expected to increase engagement in the incident management process, third-party risk management, and digital resilience testing.
Our Approach to DORA Implementation
Become DORA-Compliant in Five Steps
Our integrated and practical approach analyzes and evaluates your company’s existing cybersecurity measures. Together, we create a DORA-compliant level of cyber resilience and employ efficient and effective processes and procedures. When implementing DORA, we follow the five steps outlined below, while keeping your business needs in mind. This enables us to customize our solutions to perfectly align with your objectives.
Your Contact
Germany
Switzerland
Christian Schnell