Service details
DORA — Digital Resilience in Banking and Payments
The DORA Regulation (Digital Operational Resilience Act) is a key European Union regulation designed to ensure that financial institutions — including banks, payment firms and other financial market participants — are operationally resilient to digital technology risks. Through DORA, the EU focuses on securing information systems, managing risk and ensuring business continuity in the face of cybersecurity threats, as well as increasing transparency around the third-party technology services that financial firms rely on.
DORA compliance has become mandatory for financial institutions, including banks, insurers, payment firms and financial service providers. Remote Admin offers end-to-end support for DORA implementation, helping financial institutions achieve regulatory compliance and minimize operational risk related to digital technologies.
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Our offering — how we support the banking and payments sector in implementing DORA
As experts in digital risk management and regulatory compliance, we provide financial institutions with full support in implementing the DORA Regulation. Our offering includes:
- DORA compliance auditWe will conduct a detailed audit of your company's existing IT infrastructure, security policies and operating procedures. Based on the findings, we will develop an action plan aligned with DORA requirements, identifying areas that need improvement to achieve full compliance.
- Support in developing operational resilience policiesUnder DORA, financial institutions must develop operational resilience management policies. We help you draft detailed procedures that meet the regulation's requirements, including technology risk monitoring, incident response and business continuity.
- Technology and third-party risk managementDORA imposes obligations for managing technology risk and overseeing third-party services, such as cloud service providers. We will help you implement appropriate risk assessment mechanisms and technology vendor contract management, so your organization is not exposed to threats arising from a lack of control over outsourced services.
- Cybersecurity and business continuity trainingUnder DORA, it is essential that financial institution staff are aware of the threats and procedures involved in ensuring operational resilience. We run tailored employee training covering operational risk management, data security, systems testing and incident response, among other topics.
- Cybersecurity incident testing and simulationsUnder DORA, financial institutions must conduct regular operational resilience testing, including cyberattack simulations. We provide end-to-end support in testing business continuity procedures and conducting penetration tests and IT security incident simulations.
- DORA compliance monitoring and reportingDORA requires financial institutions to systematically monitor and report on compliance with operational resilience requirements. We offer tools and services that let you track your level of DORA compliance on an ongoing basis and report any operational incidents to the relevant supervisory authorities.
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Material scope of the DORA Regulation
The DORA Regulation covers a range of areas that are key to maintaining operational resilience in the financial sector. DORA's main requirements are:
- Operational resilience of financial institutionsDORA requires all financial institutions — banks, payment firms, insurers and other financial entities — to develop comprehensive operational resilience plans. This includes managing technology and cybersecurity risk, as well as ensuring continuity of service during crisis incidents.
- Digital and technology risk managementUnder DORA, financial institutions must implement policies and procedures for managing technology risk, including information systems, cloud services and protection against cyber threats. This also covers controlling risk related to third-party providers with access to the financial institution's IT systems.
- Cybersecurity incident managementDORA introduces requirements for rapid response to cybersecurity incidents. Firms must be prepared to properly detect, assess, respond to and report incidents that may affect business continuity.
- Business continuity and disaster recoveryDORA requires financial institutions to have business continuity procedures in place, such as disaster recovery plans and monitoring systems that enable rapid identification and mitigation of disruptions.
- IT systems resilience testingFinancial institutions must conduct regular penetration tests and cyberattack simulations to evaluate the effectiveness of their threat protection systems. DORA requires such tests to be carried out at least once every two years.
- Obligations regarding third-party providersDORA requires financial institutions to monitor risks related to third-party providers, including cloud service providers. Firms must have adequate mechanisms to control risks that may arise from dependence on external service providers.
A 30-minute call with an engineer — we'll outline the scope and ballpark budget, with no sales pitch.
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Material scope of the DORA Regulation
Implementing DORA requirements can be a complex process, especially given the growing number of threats tied to the digitalization of the financial sector. With our services: You gain confidence that your company fully meets DORA requirements. You minimize risks related to cyber threats and third-party technologies. You will be ready for audits and inspections by supervisory authorities. You will safeguard your institution's business continuity in a crisis. Remote Admin is a trusted partner for DORA implementation — contact us to ensure your company is fully compliant with the latest operational resilience regulations in the financial sector!
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Let's talk about a DORA audit.
30 minutes, no slide deck. We'll tell you straight whether this service solves your problem, what scope makes sense and how much it costs.
A proposal with scope and pricing within 48 hours of the call.
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