DORA stands for the “Digital Operational Resilience Act” and refers to EU Regulation (EU) 2022/2554, which entered into force on January 17, 2025. Its goal is to strengthen the digital operational resilience of the European financial sector and to establish uniform requirements for managing IT risks, cyber threats, and technological dependencies.
For the first time, DORA harmonizes requirements across the EU to prevent IT outages and cyberattacks, ensuring a consistent and high level of protection throughout the financial system. The regulation applies across sectors to nearly all financial market participants – regardless of their size or business model – including banks, insurance companies, investment firms, payment and crypto service providers, and critical third-party IT providers.
Key Requirements:
- ICT Risk Management: Establishing a structured framework for identifying, assessing, and mitigating information and communication technology risks.
- Reporting of Major IT Incidents: Obligation to report significant incidents to the relevant authorities within tight deadlines.
- Digital Resilience Testing: Regular execution of threat-led penetration testing and resilience simulations.
- Third-Party Risk Management: Contracts with IT service providers must be clearly defined, monitored, and, if necessary, adjusted – including proper exit strategies.
- Governance & Responsibility: Clear accountability at the management level for ICT risks and resilience measures.
With its ISO 27001 and CYBERTRUST-certified platform, FinAPU provides a strong foundation for DORA-compliant risk management – including transparent documentation, structured processes, and integrated audit trails.
