DORA Compliance: Empowering Financial Institutions to Achieve Operational Resilience
Drata now supports compliance with the Digital Operational Resilience Act (DORA), helping organizations across the EU achieve operational resilience and cybersecurity readiness with ease.
At Drata, we understand the growing challenges faced by financial institutions and ICT service providers in meeting regulatory demands. That’s why we’re excited to announce our latest capability—Drata now supports compliance with the Digital Operational Resilience Act (DORA), helping organizations across the EU achieve operational resilience and cybersecurity readiness with ease.
This new functionality empowers financial institutions and critical ICT service providers across the European Union to proactively meet DORA’s stringent requirements, ensuring operational resilience and cybersecurity readiness as the regulation goes into effect on January 17.
What is DORA?
The Digital Operational Resilience Act (DORA) is a groundbreaking regulatory framework introduced by the European Union. Designed to strengthen the ICT resilience of financial institutions and their key service providers, DORA addresses the risks that can disrupt the financial sector.
DORA’s core requirements include:
Proactive risk management: Mandating the development of robust ICT risk management frameworks to anticipate and mitigate potential risks.
Incident response and recovery: Establishing mandatory protocols for swift recovery from ICT incidents, minimizing disruptions to critical operations.
Resilience testing: Enforcing rigorous security testing to validate the strength of defenses and readiness for diverse scenarios.
These measures are crucial to maintaining consumer trust and financial market stability as cyberthreats gain momentum and prevalence throughout the EU.
Why DORA Matters
DORA applies to a wide range of financial entities, from credit institutions and investment firms to crypto-asset service providers and cloud computing services. By mandating comprehensive ICT risk management frameworks and resilience measures, DORA ensures these organizations can withstand, respond to, and recover from disruptions.
Compliance with DORA is not just a regulatory requirement—it’s a strategic advantage. Organizations that meet its standards are better equipped to protect their operations, secure client trust, and maintain a competitive edge in the financial sector.
How Drata Supports DORA Compliance
With Drata’s platform, organizations can streamline their path to DORA compliance through:
Automated risk management: Drata’s risk assessment tools help identify and mitigate ICT risks, ensuring alignment with DORA’s proactive approach.
Incident response automation: Track, manage, and report incidents seamlessly while maintaining detailed audit trails to demonstrate compliance.
Integrated resilience testing: Leverage Drata’s testing capabilities to continuously evaluate and enhance your security posture, ensuring preparedness for DORA-mandated tests.
Centralized compliance monitoring: Gain real-time visibility into your compliance status across all DORA requirements.
Check out our comprehensive DORA guide to get started.
