DORA
DORA is The Digital Operational Resilience Act, a new European compliance requirement (applicable in the UK) to ensure a more robust and resilient approach to delivering digital capabilities for financial entities (financial services organisations).
DORA is focused on the protection, detection, containment, recovery and repair capabilities against IT-related incidents.
However, compliance challenges for organisations are many;
- The DORA documentation is long and complex.
- DORA crosses over both
ITIL and
ISO standards
and this can be tricky to unpick.
- There are
252 obligations to assess for compliance.
- Changes will likely be required to in flight contracts and all supplier contracts will need to be included in a required ‘register of information’.
All in all, the process can be time-consuming and arduous, but with the regulation coming into force in January 2025 compliance has never been more of a priority.
In response, Horizon Seven have launched their operational resilience services and are able to get you compliant quickly, effectively and economically. We provide gap analysis and remediation, creation and maintenance of a register of contractual arrangements and support the negotiation of contract changes that are required.
Contact us for more details and be sure to take our quick and easy health check and review of your current status.
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