How to prepare for the Digital Operational Resilience Act (DORA)

Who Does DORA Apply To?

DORA applies to a broad range of financial institutions, including banks, insurance companies, investment firms and payment institutions. Additionally, it extends to ICT service providers who support these entities, ensuring any potential third-party risks are also covered under the regulation.

An Overview of the Approach to DORA Compliance

To ensure compliance with DORA, financial entities must establish a solid governance framework around their digital operational resilience. This includes developing robust risk management procedures, performing regular vulnerability assessments, and maintaining an active incident reporting process. Article 26 mandates that these entities engage in advanced, intelligence-led testing, which involves simulating sophisticated cyberattacks to evaluate their defence mechanisms in real-time.

Organisations are also required to maintain clear documentation and audit trails of their ICT security processes, ensuring they can be reviewed and evaluated by regulators. The ultimate goal is to foster a culture of proactive cybersecurity risk management, rather than reactive crisis handling.

How AMR CyberSecurity Can Help

At AMR CyberSecurity, we specialise in helping financial institutions navigate the stringent requirements of DORA, particularly in the context of Article 26. We offer bespoke Threat-Led Penetration Testing (TLPT) services that simulate advanced cyberattack scenarios, allowing organisations to comprehensively assess their digital defences.

Our services include:

• Developing a tailored TLPT strategy based on your organisation’s unique risk profile and regulatory requirements.
• Implementing regular, in-depth testing using the latest threat intelligence to ensure your systems are resilient against even the most advanced cyber threats.
• Ensuring full compliance with DORA by providing detailed reports and documentation that meet regulatory standards.

With our expertise, AMR CyberSecurity ensures your organisation is not only compliant but also prepared to manage and mitigate the risks posed by a rapidly evolving cyber threat landscape.