DORA
Ensure your compliance with DORA – The Digital Operational Resilience Act
Dora: what is it?
The Digital Operational Resilience Act (DORA) introduces a harmonized framework to enhance the cyber resilience of financial institutions across the EU. It establishes stringent requirements to mitigate ICT risks and ensure operational continuity. From 17 January 2025, financial institutions must comply with strict obligations covering ICT risk management, incident reporting, resilience testing, and third-party risk oversight.
Is your firm prepared?
DORA establishes mandatory requirements for banks, investment firms, asset managers, and other financial entities to enhance their digital resilience and mitigate systemic risks. Achieving compliance demands a structured approach, including risk governance, continuous monitoring and a robust incident response strategy.
What do you need to perform?
DORA requires the implementation of a tailored compliance framework:
DORA readiness assessment - identify compliance gaps and define a compliance roadmap
ICT Risk Management implementation - develop robust policies and frameworks to mitigate cyber threats
Incident Response & Reporting support - Ensure full compliance with DORA’s strict incident reporting rules
Third-Party Risk Management - Continuously assess and monitor ICT service providers to mitigate outsourcing risks
Resilience Testing & Training - Conduct scenario-based resilience testing and train staff to handle cyber threats effectively
How can Osmia Consulting help you ?
At Osmia Consulting, we specialise in regulatory compliance and operational resilience. Our experts provide strategic guidance to help you navigate DORA complexities and implement a tailored, effective compliance framework.
Avoid the Risk of Non-Compliance!
Non-compliance with DORA can lead to hefty financial penalties and reputational damage.
Osmia Consulting helps ensure your firm is resilient, secure and fully compliant.
Contact us today to discuss how we can assist with your DORA compliance journey.
Act Now : The DORA compliance log must be submitted to the CSSF by April 2025 - make sure your firm is prepared!