Digital threats and cyberattacks are increasing every year. In 2023, digital threats caused damages of more than €200 billion in Germany, of which 72% resulted from cyberattacks (source: Bitkom, study on economic protection 2023). To counter the threat to the system-critical financial sector, the EU has decided to implement a uniform, high level of security. The Digital Operational Resilience Act (DORA) is the answer.
The regulation on digital operational resilience is intended to reduce the risks arising from the ever-increasing dependence on information and communication technology in the financial sector. In particular, DORA is expected to reduce the risk of severe operational disruption arising from digital threats and cyberattacks, by focusing on the entire value chain. Notably, DORA subjects IT service providers to direct financial supervision – for the first time.
About the DORA Check
Our DORA Check allows you to access the most important information on DORA, as well as a short quiz to check your own knowledge of the regulation. Each question includes help and explanations, so it can be used independently. A short summary of the most important topics included in the tool can be downloaded here.
The tool has been developed especially for non-experts and provides only basic knowledge. Please contact us for further information.
Using DORA Check
Our DORA Check provides a first overview of the regulation, with basic information about DORA and its goals. Our interactive quiz allows you to test your knowledge of the regulation, find out if your company is affected, and explore what action needs to be taken. In addition, you can download a compact one-pager that provides a quick overview the most important points and requirements of the regulation.
Take action
DORA will apply to companies in the financial sector and their IT service providers from January 17, 2025. It is very important for every company to check whether DORA applies to them and what measures need to be taken now. This ranges from reviewing outsourcing contracts for DORA compliance to reviewing internal IT infrastructure, management, and contingency plans. We will be happy to advise you individually if your company is affected by DORA.
